Goldman Sachs Maintains Neutral on Ibotta, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan maintains a Neutral rating on Ibotta (NYSE:IBTA) but lowers the price target from $103 to $87.

August 14, 2024 | 3:56 pm
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NEGATIVE IMPACT
Goldman Sachs analyst Eric Sheridan maintains a Neutral rating on Ibotta (NYSE:IBTA) but lowers the price target from $103 to $87.
The lowered price target from $103 to $87 by a major financial institution like Goldman Sachs is likely to have a negative short-term impact on Ibotta's stock price. The Neutral rating suggests no strong buy or sell recommendation, but the reduced price target indicates a less optimistic outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100