Ibotta (NYSE:IBTA) Stock Price Expected to Rise, Citigroup Analyst Says

Ibotta (NYSE:IBTA) had its price objective lifted by investment analysts at Citigroup from $34.00 to $60.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s target price would indicate a potential downside of 4.03% from the stock’s current price.

IBTA has been the topic of several other reports. Needham & Company LLC boosted their target price on Ibotta from $45.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore set a $58.00 price target on Ibotta in a report on Tuesday. The Goldman Sachs Group upgraded Ibotta from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $58.00 in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a report on Monday, September 21st. Finally, Wells Fargo & Company lifted their target price on shares of Ibotta from $40.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Ibotta presently has an average rating of “Reduce” and an average price target of $50.00.

Ibotta Stock Performance

NYSE:IBTA traded up $2.17 during midday trading on Wednesday, reaching $62.52. 1,286,017 shares of the stock traded hands, compared to its average volume of 267,465. The stock has a market capitalization of $1.26 billion, a PE ratio of -93.31 and a beta of -0.46. Ibotta has a 12-month low of $19.10 and a 12-month high of $66.39. The business has a 50-day moving average of $42.92 and a two-hundred day moving average of $33.05.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.49. The business had revenue of $97.83 million for the quarter. Ibotta had a negative net margin of 4.49% and a negative return on equity of 5.40%. Ibotta’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. Research analysts anticipate that Ibotta will post 0.29 earnings per share for the current year.

Insider Activity

In other news, insider Marisa Daspit sold 720 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $50.01, for a total value of $36,007.20. Following the transaction, the insider directly owned 115,539 shares of the company’s stock, valued at approximately $5,778,105.39. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Luke Swanson sold 3,094 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $59.90, for a total value of $185,330.60. Following the completion of the transaction, the chief technology officer owned 418,008 shares of the company’s stock, valued at approximately $25,038,679.20. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 190,320 shares of company stock worth $8,525,023. Company insiders own 20.92% of the company’s stock.

Hedge Funds Weigh In On Ibotta

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its holdings in shares of Ibotta by 1.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company’s stock valued at $30,581,000 after acquiring an additional 15,310 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Ibotta by 17.7% in the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company’s stock worth $7,172,000 after acquiring an additional 35,992 shares during the period. Bank of America Corp DE raised its holdings in shares of Ibotta by 17.8% during the first quarter. Bank of America Corp DE now owns 239,167 shares of the company’s stock worth $7,168,000 after purchasing an additional 36,223 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Ibotta during the first quarter worth $344,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Ibotta during the second quarter worth $328,000.

Ibotta News Roundup

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Third-quarter revenue rose 17% year over year to $97.8 million, beating estimates, while adjusted EPS of $0.62 substantially exceeded forecasts. Adjusted EBITDA also increased 43%. Ibotta Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Growth indicators pointed to a stronger business: redemption revenue increased 23%, the redeemer base grew 30% to 23.6 million, and third-party publisher redemption revenue rose 43%. Coverage attributed the recovery partly to improved demand for Ibotta’s marketing services. Ibotta: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Fourth-quarter revenue guidance of $94 million–$98 million topped the approximately $93.3 million consensus estimate. Goldman Sachs also removed its Sell rating, upgrading IBTA to Neutral and lifting its target to $58 from $35; other analyst targets reportedly reached as high as $65. Goldman Sachs Upgrades Ibotta to Neutral
• Neutral Sentiment: Despite the adjusted earnings beat, Ibotta reported a negative net margin for the quarter. Goldman’s $58 target is also below the stock’s recent price, tempering the positive signal from the rating upgrade.

About Ibotta

Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company’s offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.

Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.