Needham Maintains Buy on Ibotta, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on Ibotta (NYSE:IBTA) but lowers the price target from $125 to $100.
August 14, 2024 | 10:36 am
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Needham analyst Bernie McTernan maintains a Buy rating on Ibotta but lowers the price target from $125 to $100.
The Buy rating suggests continued confidence in Ibotta's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100