Ibotta (NYSE:IBTA) Upgraded to “Neutral” at The Goldman Sachs Group

Ibotta (NYSE:IBTA) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $58.00 price objective on the stock. The Goldman Sachs Group‘s price target would indicate a potential upside of 16.00% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Evercore set a $42.00 target price on shares of Ibotta in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research report on Monday, September 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price target (up from $45.00) on shares of Ibotta in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Ibotta from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Finally, UBS Group lifted their price objective on shares of Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ibotta has an average rating of “Reduce” and a consensus target price of $48.33.

Ibotta Trading Up 2.8%

Ibotta stock opened at $50.00 on Tuesday. The company has a market capitalization of $1.01 billion, a PE ratio of -106.38 and a beta of -0.29. The stock has a 50-day moving average price of $42.48 and a two-hundred day moving average price of $32.86. Ibotta has a 12 month low of $19.10 and a 12 month high of $50.53.

Ibotta (NYSE:IBTA) last announced its earnings results on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.49. The business had revenue of $97.83 million during the quarter. Ibotta had a negative return on equity of 4.74% and a negative net margin of 3.21%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, analysts predict that Ibotta will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Luke Swanson sold 20,100 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $40.04, for a total value of $804,804.00. Following the transaction, the chief technology officer owned 446,032 shares of the company’s stock, valued at $17,859,121.28. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas Lehrman sold 19,561 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $36.22, for a total value of $708,499.42. Following the sale, the director owned 25,312 shares of the company’s stock, valued at $916,800.64. This represents a 43.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 136,138 shares of company stock valued at $5,425,339 in the last three months. 20.92% of the stock is owned by insiders.

Institutional Trading of Ibotta

Several large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Ibotta by 32.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,083 shares of the company’s stock worth $42,000 after buying an additional 268 shares during the period. Essential Partners LLC boosted its holdings in shares of Ibotta by 40,800.0% in the 1st quarter. Essential Partners LLC now owns 818 shares of the company’s stock worth $25,000 after purchasing an additional 816 shares during the period. Meeder Asset Management Inc. purchased a new position in Ibotta during the first quarter worth $39,000. New York State Teachers Retirement System bought a new stake in shares of Ibotta during the first quarter worth $39,000. Finally, Squarepoint Ops LLC purchased a new stake in Ibotta in the 2nd quarter valued at about $290,000.

More Ibotta News

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Quarterly results exceeded expectations. Ibotta reported adjusted earnings of $0.62 per share, above estimates ranging from $0.44 to $0.48 and well ahead of the $0.05 reported a year earlier. Revenue reached $97.8 million, surpassing the $88.6 million consensus estimate. Ibotta Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Growth accelerated across key metrics. Third-quarter revenue increased 17% year over year, while redemption revenue rose 23%. Third-party publisher redemption revenue grew 43%, and the number of redeemers increased 30% to 23.6 million, indicating stronger user engagement and platform adoption. Ibotta Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Profitability trends improved. Management said adjusted EBITDA increased 43% year over year and exceeded internal expectations. The combination of revenue growth and expanding adjusted EBITDA supports the bullish reaction to the earnings release. Ibotta: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management held its third-quarter earnings call. Investors received additional commentary from CEO Bryan Leach and CFO Matthew Puckett regarding the results and outlook. Ibotta Q3 2026 Earnings Call Transcript
• Negative Sentiment: Small insider sales were disclosed. Marisa Daspit sold a combined 246 shares for approximately $12,300 under a pre-arranged Rule 10b5-1 plan. The transactions reduced her holdings by only about 0.2%, making them unlikely to materially affect the investment case.

Ibotta Company Profile

Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company’s offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.

Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.