The Goldman Sachs Group Has Lowered Expectations for Ibotta (NYSE:IBTA) Stock Price

Ibotta (NYSE:IBTA) had its price target lowered by stock analysts at The Goldman Sachs Group from $26.00 to $23.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 13.31% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Needham & Company LLC reduced their price objective on Ibotta from $70.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. UBS Group reduced their price target on Ibotta from $55.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. JMP Securities reissued a “market perform” rating on shares of Ibotta in a report on Thursday, August 14th. Evercore ISI reaffirmed an “in-line” rating and issued a $38.00 price objective (down previously from $65.00) on shares of Ibotta in a report on Thursday, August 14th. Finally, Bank of America decreased their target price on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $32.57.

Ibotta Stock Performance

Ibotta stock opened at $26.53 on Thursday. Ibotta has a one year low of $22.50 and a one year high of $76.99. The company has a 50-day simple moving average of $29.59 and a 200-day simple moving average of $36.14. The firm has a market capitalization of $670.15 million, a P/E ratio of 10.96 and a beta of -1.12.

Ibotta (NYSE:IBTA) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.22. The firm had revenue of $83.26 million for the quarter. Ibotta had a net margin of 22.92% and a return on equity of 19.98%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Ibotta has set its Q4 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IBTA. Vanguard Group Inc. lifted its holdings in Ibotta by 17.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock valued at $43,749,000 after acquiring an additional 232,027 shares during the last quarter. Southpoint Capital Advisors LP lifted its stake in Ibotta by 48.2% during the first quarter. Southpoint Capital Advisors LP now owns 1,536,500 shares of the company’s stock valued at $64,840,000 after purchasing an additional 499,556 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Ibotta by 15.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,281,219 shares of the company’s stock worth $35,682,000 after buying an additional 168,054 shares in the last quarter. Amova Asset Management Americas Inc. grew its position in Ibotta by 15.6% in the third quarter. Amova Asset Management Americas Inc. now owns 1,279,652 shares of the company’s stock worth $35,600,000 after buying an additional 172,314 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Ibotta by 5.1% in the second quarter. Nikko Asset Management Americas Inc. now owns 1,107,338 shares of the company’s stock valued at $40,529,000 after buying an additional 53,820 shares in the last quarter.

About Ibotta

Ibotta’s mission is to Make Every Purchase Rewarding. Our technology allows CPG brands to deliver digital promotions to over 200 million consumers through a single, convenient network called the Ibotta Performance Network (IPN). We are pioneers in success-based marketing: we only get paid when our client’s promotion results in a sale, not when a consumer merely views or clicks on the promotion.