From Yahoo Finance: 2025-05-28 13:14:00

Jefferies raised its price target on Maplebear Inc. (CART) to $50 from $48, maintaining a Hold rating. The adjustment reflects analysis of Maplebear’s grocery business and potential growth from its partnership with Uber Eats.

Maplebear reported Q1 2025 revenue of $897 million, up 9% YoY, with adjusted EBITDA of $244 million, up 23%. GTV reached $9.1 billion, growing 10% YoY driven by a 14% increase in orders to 83.2 million.

Despite positive growth, concerns about margin visibility led Jefferies to maintain a Hold rating on Maplebear. The caution stems from the company’s marketing efforts, affordability initiatives, and slower build-out of high-margin advertising revenue.

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Disclosure: None. This article was originally published on Insider Monkey.



Read more at Yahoo Finance: Jefferies Lifts Maplebear (CART) PT to $50 on Grocery GTV Growth