Wells Fargo Maintains Overweight on Ibotta, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski has maintained an Overweight rating on Ibotta (NYSE:IBTA) and raised the price target from $85 to $95.
October 28, 2024 | 4:08 pm
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Wells Fargo has increased its price target for Ibotta from $85 to $95, maintaining an Overweight rating, indicating positive expectations for the stock.
The increase in price target from $85 to $95 by a major financial institution like Wells Fargo suggests a positive outlook for Ibotta's stock. The Overweight rating indicates that the analyst expects the stock to outperform the average total return of stocks in the analyst's coverage universe over the next 12 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100