Maplebear Inc (CART) Trading 4.58% Higher on Oct 22

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Oct 22, 2024

Shares of Maplebear Inc (CART, Financial) surged 4.58% in mid-day trading on Oct 22. The stock reached an intraday high of $44.97, before settling at $44.90, up from its previous close of $42.93. This places CART 0.26% below its 52-week high of $45.01 and 102.87% above its 52-week low of $22.13. Trading volume was 1,414,979 shares, 39.3% of the average daily volume of 3,597,593.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 21 analysts, the average target price for Maplebear Inc (CART, Financial) is $44.59 with a high estimate of $52.00 and a low estimate of $35.00. The average target implies an downside of 0.69% from the current price of $44.90. More detailed estimate data can be found on the Maplebear Inc (CART) Forecast page.

Based on the consensus recommendation from 31 brokerage firms, Maplebear Inc's (CART, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.