Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Maplebear (NASDAQ:CART) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $30.67, a high estimate of $35.00, and a low estimate of $26.00. This upward trend is apparent, with the current average reflecting a 1.12% increase from the previous average price target of $30.33.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive Maplebear is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mark Zgutowicz | Benchmark | Announces | Buy | $32.00 | - |
| Deepak Mathivanan | Wolfe Research | Announces | Outperform | $35.00 | - |
| Brian Pitz | BMO Capital | Announces | Market Perform | $26.00 | - |
| Scott Devitt | Wedbush | Lowers | Neutral | $26.00 | $30.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $35.00 | $33.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $30.00 | $28.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Maplebear. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Maplebear compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Maplebear's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Maplebear's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Maplebear analyst ratings.
Unveiling the Story Behind Maplebear
Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada. Instacart partners with local and national grocers who provide their selection of food and other goods to customers through Instacart's mobile app or website. After a customer places an order, an independent personal shopper employed by Instacart will pick the order and either prepare it for pickup or deliver it to the customer's chosen location. Instacart's revenue model consists of transaction revenue in the form of retailer and customer fees, as well as advertising revenue from brand advertising on Instacart platforms.
Maplebear's Financial Performance
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Maplebear showcased positive performance, achieving a revenue growth rate of 14.37% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Maplebear's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -261.65%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Maplebear's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -108.79%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Maplebear's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -48.71%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Maplebear's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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