Klaus Vedfelt/DigitalVision via Getty ImagesInvestment summary My recommendation for Maplebear (NASDAQ:CART) is a buy rating. Based on the latest financials and customer cohort performance, I believe CART is going to see GTV growth acceleration that supports the current valuation. Importantly, management has now set its focus on further streamlining the business, which I expect will lower the cost structure, proving more room for margin to expand. Business Overview Maplebear (also known as Instacart) is ...

 SAN FRANCISCO, April 16, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that Victoria Dolan, former CFO of Revlon, has joined the company's Board of Directors. Dolan is a seasoned financial expert and business leader with more than 30 years of experience in the consumer packaged goods (CPG) and retail industries. Separately, after years of dedicated service, Jeff Jordan, General Partner at Andreessen Horowitz, and Barry McCarthy, Pres ...

The future is in aisle five. Artificial intelligence-powered smart carts are rolling out in Big Apple supermarkets — and they do practically everything except cook the food. Instacart’s Caper Carts use AI to identify items, their price and the weight of produce — and allow shoppers to check out stress-free with a click on a touch screen. 5 Instacart’s Caper Cart uses artificial intelligence to automatically detect each product, its price and the weight of produce. Helayne Seidman“2024 is the new 2050,” o ...

Barron’s published an article on March 25 entitled “GameStop Stock Is Having Its Best Day Since Last Year. Earnings Are Tuesday.” As is evident from the headline, the article discusses GameStop’s (NYSE:GME) runup before its Q4 2023 earnings release. Like a lot of overrated stocks to sell, the hype didn’t match the reality. “Shares of GameStop were up 7.8% to $14.12 on Monday morning. If the gain holds through the close, it would be the stock’s largest percentage increase since Dec. 13, according to Dow Jone ...

NO-HEADQUARTERS/REDWOOD CITY, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- PubMatic (NASDAQ:PUBM), an independent technology company delivering digital advertising's supply chain of the future, today announced a new partnership with Instacart (NASDAQ:CART) to leverage its first-party, retail media data off of Instacart in a privacy-compliant, scalable, and effective programmatic advertising solution via PubMatic's Convert. Mars will be one of the first brands to activate Instacart's retail media data with Pub ...

Today, Instacart works with more than 5,500 CPG brand partners to help them drive awareness, connect consumers with the products they love, and inspire consumers as they browse. Instacart is deeply committed to providing value for its brand partners, including delivering transparent measurement solutions. As part of this goal to provide trusted, standardized metrics, Instacart completed an in-depth, independent audit of its measurement for impression, click and viewability metrics. This was reviewed by an a ...

Shares of Wall Street newbie Maplebear Inc (NASDAQ:CART), or Instacart, are 3.2% higher at the open, following a bull note. Bernstein upgraded the food delivery and e-tail stock to "outperform" from "market perform" and hiked is price target by $13 to $43 -- a 21.6% upside to last night's close.Coming into today, the brokerage bunch was split nearly down the middle. Of the 17 covering brokerages, nine rated CART a "strong buy," while eight recommended a tepid "hold." This leaves the security open to even mo ...

Canseco's Market, Harps Foods and Price Chopper join more than 600 grocers using Instacart Storefront to power their e-commerce websites SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, today announced new retailers using Instacart Storefront to power their e-commerce websites, including Canseco's Market, Harps Foods, and Price Chopper. Instacart Storefront is an easy and affordable way for grocers of all sizes to get online and ...

Growth and Revenue Trends - The company has experienced rapid growth and operational expansion, but historical growth rates may not continue in the future [88]. - Growth rates have decreased since the COVID-19 pandemic, with a significant impact on demand for online grocery shopping [89]. - The company expects fluctuations in revenue, margin, and profitability due to external factors and strategic initiatives [92]. - Advertising revenue growth has fluctuated and is expected to continue fluctuating due to macroeconomic conditions [92]. - The company is facing challenges due to inflation and reduced consumer discretionary spending, which have negatively impacted average order values and overall revenue [107]. - The company anticipates that economic conditions may lead to fluctuations in average order values and overall demand for its services [107]. - The company is experiencing lower growth in gross transaction value (GTV) and orders due to inflationary pressures and reduced consumer discretionary spending [213]. Financial Performance - The company reported a net income of $428 million for the year ended December 31, 2022, but experienced a net loss of $1,622 million for the year ended December 31, 2023, primarily due to stock-based compensation expenses [101]. - As of December 31, 2023, the company had an accumulated deficit of $2,635 million, indicating the need to sustain or increase revenue while managing costs to achieve profitability [101]. - Revenue for the year ended December 31, 2023, was $3,042 million, representing a 19% increase from $2,551 million in 2022 [190]. - Gross profit for 2023 was $2,278 million, up from $1,831 million in 2022, indicating a gross margin improvement [190]. - Operating expenses surged to $4,420 million in 2023, compared to $1,769 million in 2022, primarily driven by increased research and development costs [190]. - Net loss attributable to common stockholders for 2023 was $1,624 million, a significant increase from a net income of $77 million in 2022 [190]. - The weighted-average shares used in computing net loss per share attributable to common stockholders, diluted, increased to 130,616 thousand in 2023 from 101,480 thousand in 2022 [190]. Strategic Initiatives and Investments - The company is investing in new technologies and offerings, which may initially harm profitability but aim for long-term gains [93]. - Increased sales and marketing expenses are anticipated as the company seeks to engage customers and expand its market presence [93]. - The company aims to increase the adoption of its Instacart+ membership program to drive customer engagement and revenue growth [100]. - The company has invested heavily in Instacart Ads, growing its number of brand partners, which is expected to enhance revenue generation [105]. - The company is focusing on strategic initiatives such as Instacart Health and Instacart Business to broaden its market scope [105]. Market and Economic Challenges - Macroeconomic factors such as inflation and elevated interest rates have adversely affected customer retention and engagement [89]. - The company faces challenges in accurately forecasting revenue and managing operating expenses for future growth [90]. - The trading price of the company's common stock may be adversely affected if GTV or revenue growth rates decline [91]. - The company is navigating significant regulatory changes and economic uncertainties that could impact its operations [98]. - The company has limited experience operating at its current scale in a volatile macroeconomic environment, which poses risks to future growth and profitability [107]. - The company may need to reintroduce shopper incentives to ensure sufficient availability of shoppers in response to persistent shortages [213]. Cash and Financial Position - As of December 31, 2023, cash and cash equivalents totaled $2,137 million, with marketable securities of $49 million [180]. - The company has not entered into derivative or hedging transactions related to foreign currency exchange rates, as fluctuations have not materially impacted financial statements [179]. - A hypothetical 10% increase or decrease in interest rates would not have had a material impact on the consolidated financial statements as of December 31, 2023 [180]. Marketing and Customer Engagement - The company emphasizes the importance of effective marketing strategies to acquire new customers and increase engagement with existing ones [108].

Shares of Maplebear (CART) have gained 2.9% over the past four weeks to close the last trading session at $26.77, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $34.56 indicates a potential upside of 29.1%.The mean estimate comprises 16 short-term price targets with a standard deviation of $5.91. While the lowest estimate of $26 indicates a 2.9% decline from the current price l ...