Raymond James Maintains Outperform on Ibotta, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Marok has maintained an 'Outperform' rating on Ibotta (NYSE:IBTA) and raised the price target from $75 to $85.
October 29, 2024 | 1:46 pm
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Raymond James has increased its price target for Ibotta from $75 to $85, maintaining an 'Outperform' rating. This suggests confidence in Ibotta's future performance.
The increase in price target from $75 to $85 by Raymond James indicates a positive outlook on Ibotta's future performance. The 'Outperform' rating suggests that the analyst expects the stock to perform better than the market average, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100