Throughout the last three months, 10 analysts have evaluated Maplebear CART, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Maplebear, revealing an average target of $36.0, a high estimate of $45.00, and a low estimate of $26.00. This upward trend is evident, with the current average reflecting a 4.86% increase from the previous average price target of $34.33.
Interpreting Analyst Ratings: A Closer Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Maplebear. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Doug Anmuth | JP Morgan | Raises | Overweight | $45.00 | $35.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $45.00 | $36.00 |
| Nikhil Devnani | Bernstein | Raises | Outperform | $43.00 | $30.00 |
| Deepak Mathivanan | Wolfe Research | Raises | Outperform | $39.00 | $35.00 |
| Ross Sandler | Barclays | Raises | Overweight | $41.00 | $40.00 |
| Brian Nowak | Morgan Stanley | Announces | Equal-Weight | $28.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Maplebear. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Maplebear compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Maplebear's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Maplebear's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Maplebear analyst ratings.
About 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 Economic Impact: An Analysis
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Maplebear showcased positive performance, achieving a revenue growth rate of 6.08% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.56%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Maplebear's ROE stands out, surpassing industry averages. With an impressive ROE of 3.68%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.91%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.01, Maplebear adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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