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StocksMedium•7 May 2026•

1 min read

Instacart Hits $10B GTV Milestone Amid Price Target Cut by Stifel

Key Facts

1Instacart reported Q1 revenue of $1.02 billion, with Gross Transaction Volume (GTV) surpassing $10 billion for the first time.

2Earnings per share came in at $0.57, narrowly missing the analyst estimate of $0.58 despite growing from $0.37 a year ago.

Version History

1 additional source confirmed this story

Maplebear Inc., operating as Instacart, reported robust Q1 financial results with revenue reaching $1.02 billion. A significant milestone was achieved as Gross Transaction Volume (GTV) surpassed $10 billion for the first time, signaling strong platform adoption. Despite this growth, earnings per share (EPS) came in at $0.57, narrowly missing the consensus estimate of $0.58. In response to the earnings report, analysts at Stifel Nicolaus lowered their price target for CART stock to $45. This adjustment suggests a balanced view between the company's impressive scale and its slight earnings underperformance. Investors remain focused on Instacart's ability to sustain its transaction momentum in a competitive e-commerce landscape.