Raymond James Maintains Outperform on Ibotta, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Marok maintains an Outperform rating on Ibotta (NYSE:IBTA) but lowers the price target from $90 to $75.
August 14, 2024 | 5:24 pm
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NEUTRAL IMPACT
Raymond James maintains an Outperform rating on Ibotta but lowers the price target from $90 to $75.
The Outperform rating suggests continued confidence in Ibotta's performance, but the lowered price target indicates a more conservative outlook on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100