Core Insights - Maplebear Inc. (Instacart) reported third-quarter earnings of 51 cents per share, exceeding analysts' expectations of 50 cents, and up from 42 cents per share year-over-year [1] - Revenue for the quarter was $939 million, slightly above the estimate of $933.96 million and an increase from $852 million in the same period last year [1] - Orders increased by 14% year-over-year to 83.4 million, with total revenue rising 10% and gross transaction value (GTV) also increasing by 10% to $9.17 billion [2] Financial Performance - The company expects fourth-quarter GTV to be between $9.45 billion and $9.60 billion, with projected adjusted EBITDA of $285 million to $295 million [3] - Maplebear's shares closed at $37.33 following the earnings announcement [4] Analyst Ratings - Needham analyst Bernie McTernan maintained a Buy rating on Maplebear but lowered the price target from $66 to $50 [6] - Benchmark analyst Mark Zgutowicz also maintained a Buy rating while reducing the price target from $67 to $60 [6]