Goldman Sachs Upgrades Ibotta to Buy, Maintains Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has upgraded Ibotta (NYSE:IBTA) from Neutral to Buy, maintaining the price target at $87.
October 14, 2024 | 5:58 pm
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POSITIVE IMPACT
Goldman Sachs has upgraded Ibotta from Neutral to Buy, indicating increased confidence in the company's future performance. The price target remains at $87.
The upgrade from Neutral to Buy by a major financial institution like Goldman Sachs suggests a positive outlook on Ibotta's future performance. Maintaining the price target at $87 indicates that the analyst believes the stock is currently undervalued or has potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100