In a report released today, Brian Nowak from Morgan Stanley maintained a Hold rating on Maplebear (CART – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $42.08.
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According to TipRanks, Nowak is a 5-star analyst with an average return of 5.1% and a 58.22% success rate. Nowak covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Snap.
In addition to Morgan Stanley, Maplebear also received a Hold from Wedbush’s Scott Devitt in a report issued on April 15. However, on April 11, JMP Securities reiterated a Buy rating on Maplebear (NASDAQ: CART).
CART market cap is currently $10.99B and has a P/E ratio of 25.83.
Read More on CART:
- Instacart price target lowered to $42 from $46 at Wedbush
- Instacart and Dierbergs Markets announce partnership
- Instacart price target lowered to $44 from $50 at JPMorgan
- OpCo sees impact to digital advertising from slower economy as result of tariffs
- Instacart price target lowered to $44 from $47 at Wells Fargo
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