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Maplebear ( (CART) ) has shared an update.
Maplebear Inc. announced the resignation of its CEO and President, Fidji Simo, effective August 15, 2025, as she pursues another opportunity. Chris Rogers, currently the Chief Business Officer, will succeed her as CEO and President and join the Board as a Class II director. The company also increased its share repurchase program to authorize up to $1 billion in stock buybacks, reflecting its confidence in its financial position and commitment to returning value to shareholders.
The most recent analyst rating on (CART) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Maplebear stock, see the CART Stock Forecast page.
Spark’s Take on CART Stock
According to Spark, TipRanks’ AI Analyst, CART is a Outperform.
Maplebear, trading as Instacart, demonstrates strong financial health with robust revenue and cash flow performance. Technical indicators support a positive trend, though the P/E ratio suggests potential overvaluation. The recent earnings call highlights strategic growth initiatives and operational efficiency, despite some macroeconomic challenges. Overall, the company is well-positioned for growth in the specialty retail sector.
To see Spark’s full report on CART stock, click here.
More about Maplebear
Average Trading Volume: 4,427,723
Technical Sentiment Signal: Strong Buy
Current Market Cap: $12.27B
For a thorough assessment of CART stock, go to TipRanks’ Stock Analysis page.