Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, Instacart (Maplebear Inc.) (CART) has a Wall Street consensus price target of $47.54, based on estimates from 26 covering analysts. With the stock currently trading at $37.51, this represents a potential upside of +26.7%. The company has a market capitalization of $9.96B.
Analyst price targets range from a low of $40.00 to a high of $60.00, representing a 42% spread in expectations. The median target of $47.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 19 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CART trades at a trailing P/E of 23.7x and forward P/E of 15.7x. Analysts expect EPS to grow +31.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $40.69, with bear and bull scenarios of $-382.44 and $158.49 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for CART is $47.54, representing 26.7% upside from the current price of $37.51. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CART has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is predominantly bullish, with 19 Buy/Strong Buy ratings. The consensus 12-month price target of $47.54 implies 26.7% upside from current levels.
With a forward P/E of 15.6959x, CART trades at a relatively low valuation. The consensus target of $47.54 implies 26.7% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $60 for CART, while the most conservative target is $40. The consensus of $47.54 represents the median expectation. Our quantitative valuation model projects a bull case target of $158 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CART is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 19 have Buy ratings, 6 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CART stock forecast based on 26 Wall Street analysts shows a consensus price target of $47.54, with estimates ranging from $40 (bear case) to $60 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $41, with bear/bull scenarios of $-382/$158.
Our quantitative valuation model calculates CART's fair value at $41 (base case), with a bear case of $-382 and bull case of $158. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
CART trades at a forward P/E ratio of 15.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on CART, with a "Buy" consensus rating and $47.54 price target (26.7% upside). 19 of 26 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CART analyst price targets range from $40 to $60, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $47.54 consensus represents the middle ground. Our model's $-382-$158 range provides an independent fundamental perspective.