Ibotta shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and maintained its price target of $87.
Portfolio Pulse from Benzinga Newsdesk
Ibotta's stock price is rising following an upgrade from Goldman Sachs, which changed its rating from Neutral to Buy while maintaining a price target of $87.
October 14, 2024 | 6:48 pm
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Goldman Sachs upgraded Ibotta from Neutral to Buy, maintaining a price target of $87, leading to a rise in its stock price.
The upgrade from a major financial institution like Goldman Sachs typically boosts investor confidence, leading to a positive impact on the stock price. The maintained price target of $87 suggests continued optimism about the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100