Wells Fargo Raises Maplebear (NASDAQ:CART) Price Target

Analysts see potential upside of nearly 20% for the online grocery delivery company's stock.

Mar. 30, 2026 at 3:38pm by Ben Kaplan

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Wells Fargo & Company increased their price objective on Maplebear (NASDAQ:CART) from $43.00 to $45.00 and maintained an 'equal weight' rating on the stock. The new target price represents a potential upside of 19.60% from the company's current share price.

Why it matters

Maplebear, the parent company of the popular Instacart grocery delivery service, has seen its stock price fluctuate in recent months as the company navigates the competitive online grocery market. This price target increase from a major Wall Street firm could signal growing confidence in Maplebear's long-term prospects.

The details

In their note to investors, the Wells Fargo analysts cited Maplebear's strong market position and growth potential as reasons for the price target increase. The company has expanded its delivery service to new regions and added new retail partners, which could drive future revenue growth. However, the 'equal weight' rating suggests the analysts see Maplebear as fairly valued at current levels.

  • Wells Fargo issued the updated price target and rating on March 30, 2026.

The players

Wells Fargo & Company

A major U.S. financial services company that provides banking, investment, and mortgage products.

Maplebear, Inc.

The parent company of the Instacart online grocery delivery platform, which is publicly traded on the NASDAQ exchange under the ticker symbol CART.

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What’s next

Investors will be watching to see if Maplebear's stock price rises in the coming weeks and months following the Wells Fargo price target increase. The company's next quarterly earnings report will also be closely monitored for signs of continued growth and profitability.

The takeaway

While Wall Street remains cautiously optimistic about Maplebear's long-term potential, the 'equal weight' rating suggests the analysts see the stock as fairly valued at current levels. The company's ability to maintain its market leadership and expand its customer base will be key factors in determining future stock performance.