Citigroup Initiates Coverage On Ibotta with Buy Rating, Announces Price Target of $120
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey initiates coverage on Ibotta (NYSE:IBTA) with a Buy rating and a price target of $120.

May 13, 2024 | 6:27 pm
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Citigroup has initiated coverage on Ibotta with a Buy rating and a price target of $120, indicating a positive outlook on the stock.
Analyst ratings, especially from a major financial institution like Citigroup, can significantly influence investor perception and stock price. A Buy rating combined with a high price target suggests Citigroup's analysts see substantial value and potential in Ibotta, likely leading to increased investor interest and potentially a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100