Professional
Added to YB: 2025-01-14
Pitch date: 2025-01-13
CART [bullish]
Maplebear Inc.
-2.55%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.
Market Cap
$10.3B
Pitch Price
$46.14
Price Target
56.00 (+25%)
Dividend
N/A
EV/EBITDA
14.47
P/E
21.61
EV/Sales
2.40
Sector
Consumer Staples Distribution and Retail
Category
growth
Show full summary:
Needham Upgrades Instacart (CART) to Buy, Targets $56 on Bullish Growth Outlook
CART: Needham upgrades to Buy, PT $56. COVID cohorts stable, post-COVID driving GTV growth. Bull case: low-teens GTV growth, 30% EBITDA CAGR next 2 years. $80 bull case, M&A potential. Concerns on competition & TAM overblown due to leading grocery CX. Added to conviction list.
Read full article (1 min)