Needham analyst Bernie McTernan reiterated a Buy rating on Maplebear today and set a price target of $50.00.
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Bernie McTernan has given his Buy rating due to a combination of factors that highlight the resilience and potential upside of Maplebear’s stock. Despite lowering the price target to $50 and adjusting the 2026 estimates, McTernan acknowledges the healthy trends in Maplebear’s core grocery marketplace, which have led to an increase in the gross transaction value estimates for the second half of 2025 by 1%.
While advertising performance has been underwhelming, with off-site ads contributing to lower margins, McTernan sees the overall business as more robust than anticipated. The discounted valuation of Maplebear’s stock is perceived as an opportunity for potential gains, supporting the Buy rating despite the competitive pressures in the industry.
In another report released today, Barclays also maintained a Buy rating on the stock with a $65.00 price target.