Maplebear Inc. [NASDAQ: CART] price plunged by -3.14 percent to reach at -$1.09.
The one-year CART stock forecast points to a potential upside of 25.24. The average equity rating for CART stock is currently 2.07, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Maplebear Inc. [CART]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CART shares is $45.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CART stock is a recommendation set at 2.07. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Maplebear Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on July 11, 2024, representing the official price target for Maplebear Inc. stock. Previously, the target price had yet another raise from $37 to $45, while Gordon Haskett kept a Buy rating on CART stock.
The Average True Range (ATR) for Maplebear Inc. is set at 1.23, with the Price to Sales ratio for CART stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 2.92, with the Price to Cash per share for the same quarter was set at 6.11. Price to Free Cash Flow for CART in the course of the last twelve months was 13.88 with Quick ratio for the last quarter at 3.45.
CART Stock Performance Analysis:
Maplebear Inc. [CART] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.77. With this latest performance, CART shares gained by 8.13% in over the last four-week period, additionally plugging by 2.53% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CART stock in for the last two-week period is set at 47.49, with the RSI for the last a single of trading hit 43.58, and the three-weeks RSI is set at 48.91 for Maplebear Inc. [CART]. The present Moving Average for the last 50 days of trading for this stock 33.75, while it was recorded at 34.99 for the last single week of trading, and 31.24 for the last 200 days.
Insight into Maplebear Inc. Fundamentals:
Maplebear Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.45 and a Current Ratio set at 3.45.
Maplebear Inc. [CART] Institutonal Ownership Details
There are presently around $69.83%, or 78.78%% of CART stock, in the hands of institutional investors. The top three institutional holders of CART stocks are: SC US (TTGP), LTD. with ownership of 41.91 million shares, which is approximately 15.7831%. D1 CAPITAL PARTNERS L.P., holding 28.91 million shares of the stock with an approximate value of $$929.2 million in CART stocks shares; and D1 CAPITAL PARTNERS L.P., currently with $$289.43 million in CART stock with ownership which is approximately 3.3913%.
