Mixed Analyst Views on Maplebear Inc. (CART) as Pricing Trends Shift

Maplebear Inc. (NASDAQ:CART) is one of billionaire Daniel Sundheim’s 10 stock picks with huge upside potential. On October 29, Wedbush revised its price target for Maplebear Inc. (NASDAQ:CART), trimming it from $42 to $40 while maintaining an Underperform rating.

The firm cited changing pricing patterns, including more restaurant orders and lower thresholds for free delivery, along with a growing share of revenue from advertising and enterprise services. While short-term projections remain steady, Wedbush adjusted its longer-term outlook downward.

Just days earlier, on October 23, Bernstein’s Nikhil Devnani reaffirmed a Buy rating on Maplebear, Instacart’s parent company, setting a price target of $63. The contrast highlights differing views on the company’s future amid evolving market dynamics.

Also on October 15, Maplebear Inc. rolled out new business features to support bulk ordering and team purchasing. The update includes dashboards, spending controls, and tools for managing orders and receipts. These additions strengthen Instacart’s e-commerce platform, helping retailers streamline operations and serve business clients more efficiently. Hundreds have already adopted the new tools.

“Expanding business features to retailers’ customers on their sites is part of our ongoing investment in enhancing retailer sites with tools that deliver added value and unlock new revenue from business customers. With more than one million business customers who have ordered from Instacart in the past year¹, we’re making it easier for retailers to capture more of this growing demand,” said Ryan Hamburger, Vice President of Retail Partnerships at Instacart.

Maplebear Inc. (NASDAQ:CART) is an online grocery delivery service that connects customers with local stores for same-day delivery or curbside pickup. Customers place orders through the Instacart app or website, and a personal shopper then shops for the items and either delivers them to the customer’s door or prepares them for pickup.

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