Citizens Rates Maplebear (CART) buy, $60 Price Target

On June 15, 2026, Citizens reiterated its buy rating for Maplebear Inc. (NasdaqGS: CART), setting a price target of $60. This comes as shares of the company are trading around $41.24.

What Changed in Citizens' Maplebear Inc. Position

Citizens maintained its stance on Maplebear Inc., continuing to express confidence in the company's performance and potential upside. The reiterated buy rating suggests that Citizens sees value in the stock at its current levels.

Other Institutional Activity in Maplebear Inc.

Several other funds have also adjusted their positions in Maplebear Inc. SC US (TTGP), LTD. slightly reduced its stake by 66,882 shares, ending with 27.9 million shares valued at approximately $1.05 billion. Meanwhile, BlackRock, Inc. increased its holdings by 113,862 shares, bringing its total to about 16.9 million shares worth $632.8 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC initiated new positions with 8.3 million and 7.7 million shares, respectively. FMR LLC notably boosted its stake by 4.7 million shares to 6 million shares valued at $225.5 million.

Maplebear Inc. Stock Down 1.8%

Shares of Maplebear Inc. (NasdaqGS: CART) recently traded near $41.24. The company, valued at about $9.69 billion, has a P/E ratio of 22.91 and a forward P/E of 8.71. Its beta is 0.881, indicating lower volatility compared to the market. The stock's 52-week range is between $32.73 and $53.50, with a 50-day moving average of $41.09 and a 200-day moving average of $40.38. Maplebear maintains a current ratio of 2.36 and a quick ratio of 2.02, with a debt-to-equity ratio of 1.31.

Recent Earnings

Maplebear Inc. reported revenues of $3.86 billion, showing a growth of 13.6%. The company achieved a net margin of 12.55% and a return on equity of 16.28%. Earnings per share were $1.80. The next earnings report is anticipated on August 6, 2026.

Insider Buying and Selling at Maplebear Inc.

Recent insider activity at Maplebear Inc. includes sales by CEO Chris Rogers, who sold 7,893 shares at an average price of $40.66 on June 1, 2026, under a pre-planned trading program. Additionally, Ravi Gupta sold 181,000 shares at $41.51 on June 2, 2026. On the buying side, Victoria Dolan, Lily Sarafan, Josh Silverman, and Daniel Sundheim each purchased 6,048 shares on May 22, 2026.

Analysts Set New Price Targets

On June 15, 2026, Citizens reiterated its buy rating for Maplebear Inc. with a $60 price target. Previously, on May 7, 2026, Barclays maintained a buy rating with a $69 target, and Wells Fargo held a hold rating with a $47 target. Overall, analysts have a consensus buy recommendation with an average target price of $50, based on 27 analyst opinions.

About Maplebear Inc.

Maplebear Inc., known as Instacart, partners with the grocery industry in the U.S. and internationally, providing technology solutions through its Instacart Marketplace and Enterprise platform. The company also offers advertising solutions, including sponsored product ads and brand pages. Headquartered in San Francisco, California, and led by CEO Chris Rogers, Maplebear employs about 3,600 people.

Bottom Line

Citizens' reiterated buy rating for Maplebear Inc. reflects ongoing confidence in the company's growth potential. Investors often track analyst ratings as part of their decision-making process, although it's important to remember that these ratings reflect past analyses and may not indicate future performance.