Ibotta IBTA has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 6 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 6 | 5 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $122.31, a high estimate of $131.00, and a low estimate of $103.00. A decline of 4.26% from the prior average price target is evident in the current average.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Ibotta among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $105.00 | $131.00 |
| Chris Kuntarich | UBS | Raises | Buy | $129.00 | $125.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $130.00 | $130.00 |
| Bernie McTernan | Needham | Maintains | Buy | $125.00 | $125.00 |
| Ronald Josey | Citigroup | Announces | Buy | $120.00 | - |
| Chris Kuntarich | UBS | Announces | Buy | $125.00 | - |
| Andrew Boone | JMP Securities | Announces | Market Outperform | $130.00 | - |
| Ken Gawrelski | Wells Fargo | Announces | Overweight | $131.00 | - |
| Andrew Marok | Raymond James | Announces | Outperform | $125.00 | - |
| Mark Mahaney | Evercore ISI Group | Announces | Outperform | $125.00 | - |
| Bernie McTernan | Needham | Maintains | Buy | $125.00 | - |
| Curtis Nagle | B of A Securities | Announces | Buy | $117.00 | - |
| Eric Sheridan | Goldman Sachs | Announces | Neutral | $103.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ibotta. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Ibotta compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Ibotta's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Ibotta analyst ratings.
Get to Know Ibotta Better
Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN).
Ibotta: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Ibotta's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 42.7% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.29%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Ibotta's ROE excels beyond industry benchmarks, reaching 25.82%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.9%, the company showcases effective utilization of assets.
Debt Management: Ibotta's debt-to-equity ratio stands notably higher than the industry average, reaching 1.48. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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