Street View-Instacart stymied by slowing ad growth

Maplebear

11/11/2025 15:40

** Shares of online grocery delivery platform Instacart SG.N rose about 5%

** At least six brokerages trim PT on stock; at least 2 raise PT

** Average rating of 36 analysts is "hold"; median PT is $50, as per data compiled by LSEG

AD AMBITIONS AND ANALYST ANXIETY

** Bernstein ("outperform," PT: $48) says that small baskets are leading to higher margins and increased Q3 core profits of $278 million

** Wells Fargo ("equal Weight", PT: $47) believes ad revenue headwinds persist for CART, with current quarter advertising revenue to grow between 6%-9%, slower than 10% in previous year

** J.P. Morgan ("overweight", PT: $55) says some choppiness expected on advertising from large cos in Q4 due to changing consumer trends and macroeconomic uncertainty

** Oppenheimer ("outperform", PT: $65) sees co as attractive M&A target

** Piper Sandler ("neutral", PT: $42) says ad growth is slowing and competitive pressure from larger peers remains a concern

 (Reporting by Chandni Shah in Bengaluru)

 ((Chandni.shah@thomsonreuters.com;))