UBS Initiates Coverage On Ibotta with Buy Rating, Announces Price Target of $125
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Kuntarich initiates coverage on Ibotta (NYSE:IBTA) with a Buy rating and a price target of $125.

May 13, 2024 | 5:36 pm
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UBS initiated coverage on Ibotta with a Buy rating and a price target of $125, indicating a positive outlook on the stock.
Analyst ratings, especially from a reputable firm like UBS, can significantly influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests UBS's strong belief in Ibotta's potential for growth, likely leading to increased investor interest and potentially higher stock prices in the short term.
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