BTIG Lowers Instacart (CART) PT to $55 as GTV and Revenue Rise 11% in Q2

Maplebear Inc. (NASDAQ:CART) is one of the best new stocks to buy right now. On September 16, BTIG analyst Jake Fuller lowered the firm’s price target on Instacart to $55 from $58, while keeping a Buy rating on the shares. Prior to this update, the company reported its Q2 2025 earnings results.

Instacart’s Gross Transaction Value/GTV increased by 11% year-over-year in the said quarter, driven by a 17% growth in total orders. However, the Average Order Value/AOV decreased by 5% year-over-year due to the inclusion of restaurant orders and a lower basket minimum for Instacart+ members.

BTIG Lowers Instacart (CART) PT to $55 as GTV and Revenue Rise 11% in Q2

Total revenue growth was 11% year-over-year, with Transaction Revenue maintaining 7.3% of GTV and Advertising and Other Revenue growing by 12% to represent 2.8% of GTV. The company’s advertising business has reached an annual run rate of over $1 billion, with more than 7,500 active brand partners. Looking ahead to Q3, the company provided guidance expecting GTV to range between $9 and $9.15 billion, which is a projected year-over-year growth of 8% to 10%.

Maplebear Inc. (NASDAQ:CART), doing business as Instacart, provides online grocery shopping services to households in North America through a mobile application or website.

While we acknowledge the potential of CART to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CART and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.