Professional
Added to YB: 2025-01-14
Pitch date: 2025-01-13
CART [bullish]
Maplebear Inc.
-13.08%
current return
Author Info
No bio for this author
Company Info
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.
Market Cap
$9.3B
Pitch Price
$46.14
Price Target
56.00 (+40%)
Dividend
N/A
EV/EBITDA
16.19
P/E
24.25
EV/Sales
2.35
Sector
Consumer Staples Distribution and Retail
Category
growth
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.
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