Maplebear (CART) in our Pivotal Point Check: Trend Towards Online Grocery Deliveries Leads to 14% Revenue Increase to $1.04 Billion in Q2!
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Strong revenue increase in Q2: A rise in consolidated revenue by 14% to $1.04 billion underscores the high order volume. Profitable advertising business as a driver: Growth of 16% to $297 million in the segment for advertising and licensing revenues strengthens the operating margin. Upgrade of price target by Benchmark: The increase of the price target from $55 to $63 signals strong confidence among Wall Street experts. Maplebear is a provider of online grocery deliveries and e-commerce technology (known under the brand Instacart)....
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