BTIG Lowers Instacart (CART) PT to $55 as GTV and Revenue Rise 11% in Q2

Maplebear Inc. (NASDAQ:CART) is one of the best new stocks to buy right now. On September 16, BTIG analyst Jake Fuller lowered the firm’s price target on Instacart to $55 from $58, while keeping a Buy rating on the shares. Prior to this update, the company reported its Q2 2025 earnings results.

Instacart’s Gross Transaction Value/GTV increased by 11% year-over-year in the said quarter, driven by a 17% growth in total orders. However, the Average Order Value/AOV decreased by 5% year-over-year due to the inclusion of restaurant orders and a lower basket minimum for Instacart+ members.

Total revenue growth was 11% year-over-year, with Transaction Revenue maintaining 7.3% of GTV and Advertising and Other Revenue growing by 12% to represent 2.8% of GTV. The company’s advertising business has reached an annual run rate of over $1 billion, with more than 7,500 active brand partners. Looking ahead to Q3, the company provided guidance expecting GTV to range between $9 and $9.15 billion, which is a projected year-over-year growth of 8% to 10%.

Maplebear Inc. (NASDAQ:CART), doing business as Instacart, provides online grocery shopping services to households in North America through a mobile application or website.

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Disclosure: None. This article is originally published at Insider Monkey.