Mizuho Securities Remains a Hold on Maplebear (CART)

Mizuho Securities analyst Lloyd Walmsley maintained a Hold rating on Maplebear today and set a price target of $36.60.

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According to TipRanks, Walmsley is a 5-star analyst with an average return of 24.7% and a 60.00% success rate. Walmsley covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Zillow Group Class A.

In addition to Mizuho Securities, Maplebear also received a Hold from TipRanks – Anthropic’s Anthropic Specialty Retail in a report issued on February 19. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Maplebear (NASDAQ: CART).

Based on Maplebear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $992 million and a net profit of $81 million. In comparison, last year the company earned a revenue of $883 million and had a net profit of $148 million

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CART in relation to earlier this year. Last month, Lily Sarafan, a Director at CART sold 3,500.00 shares for a total of $127,820.00.