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