
CART Stock Forecast & Price Target
CART Analyst Ratings
Bulls say
Maplebear is supported by a widening growth engine that combines leading third-party grocery marketplace scale with a faster-growing enterprise technology and advertising stack. It connects more than 2.2K retail banners and 100K stores to 26mm+ customers, generated $37.2B of GTV in 2025, and in 2Q produced $746mm of transaction revenue, $297mm of advertising revenue, and a 10.1% combined take rate. The company’s outlook is strengthened by 16% Y/Y advertising growth in 1H26, 380+ Storefront Pro sites, 2Q order growth of about 9%, and international expansion through Instaleap into France, Spain, and the UK.
Bears say
Maplebear is facing a structural competitive squeeze as Amazon and Walmart deepen grocery investments, eroding Instacart’s share among third-party grocery intermediaries from roughly 70% in 2022 to an estimated 58% in 2025 and pressuring valuation relative to peers. Its fundamentals remain solid but not enough to offset the risk: 2Q GTV rose to $10.4B and revenue to $1.0B, yet GAAP EPS of $0.45 missed expectations by about $0.09, while intermediate-term estimates are below consensus. The outlook is further weakened by modest exposure to AI-driven disintermediation, concentration among a small number of retail partners, and the possibility that online grocery growth, advertising, and margin expansion all slow as competition intensifies.
This aggregate rating is based on analysts' research of Instacart (Maplebear Inc.) and is not a guaranteed prediction by Public.com or investment advice.
CART Analyst Forecast & Price Prediction
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