Maplebear Inc. (CART)
NASDAQ: CART · IEX Real-Time Price · USD
36.09
-1.39 (-3.71%)
At close: May 9, 2024, 4:00 PM
36.27
+0.18 (0.50%)
After-hours: May 9, 2024, 7:58 PM EDT
Instacart Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Instacart stock have an average target of 41.11, with a low estimate of 26 and a high estimate of 48. The average target predicts an increase of 13.91% from the current stock price of 36.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Instacart stock from 22 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 5 | 4 |
| Buy | 4 | 5 | 5 | 8 | 10 | 10 |
| Hold | 6 | 7 | 7 | 6 | 7 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 16 | 16 | 18 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Maintains $35 → $42 | Buy | Maintains | $35 → $42 | +16.38% | May 9, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $42 → $44 | Strong Buy | Maintains | $42 → $44 | +21.92% | May 9, 2024 |
| Barclays | Barclays | Buy Maintains $41 → $43 | Buy | Maintains | $41 → $43 | +19.15% | May 9, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $26 → $36 | Hold | Maintains | $26 → $36 | -0.25% | May 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $44 → $45 | Strong Buy | Maintains | $44 → $45 | +24.69% | May 9, 2024 |
Financial Forecast
Revenue This Year
3.36B
from 3.04B
Increased by 10.36%
Revenue Next Year
3.65B
from 3.36B
Increased by 8.64%
EPS This Year
0.56
from -12.43
EPS Next Year
0.95
from 0.56
Increased by 69.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.5B | 3.9B | 4.5B |
| Avg | 3.4B | 3.6B | 4.0B |
| Low | 3.1B | 3.3B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.1% | 16.8% | 22.6% |
| Avg | 10.4% | 8.6% | 8.8% |
| Low | 3.5% | -0.5% | -3.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.12 | 1.87 | 2.91 |
| Avg | 0.56 | 0.95 | 1.41 |
| Low | 0.14 | -0.14 | -0.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 232.6% | 206.1% |
| Avg | - | 69.1% | 48.8% |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.