Ibotta (NYSE:IBTA) Shares Gap Up Following Analyst Upgrade

Ibotta, Inc. (NYSE:IBTA) gapped up before the market opened on Thursday after Wells Fargo & Company raised their price target on the stock from $30.00 to $34.00. The stock had previously closed at $20.50, but opened at $24.52. Wells Fargo & Company currently has an equal weight rating on the stock. Ibotta shares last traded at $26.67, with a volume of 123,188 shares trading hands.

IBTA has been the topic of a number of other reports. Bank of America cut their price objective on Ibotta from $24.00 to $22.00 and set an “underperform” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group dropped their target price on Ibotta from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Thursday, November 13th. Evercore reduced their price target on shares of Ibotta from $38.00 to $32.00 and set an “in-line” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $33.14.

Key Ibotta News

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta issued Q1 2026 revenue guidance of $78.0M–$82.0M, above consensus (~$74.4M), signaling expected top-line stabilization and helping lift sentiment. Article Title
• Positive Sentiment: Management highlighted LiveLift, a new capability they say will transform promotions and drive future growth — investors are treating this as a credible product-led turnaround. Article Title
• Positive Sentiment: Wells Fargo raised its price target from $30 to $34 (equal weight), which may have supported buying interest by signaling analyst confidence in the recovery path. Article Title Article Title
• Neutral Sentiment: Multiple outlets published full earnings call transcripts and slide decks, increasing transparency and giving investors materials to reassess guidance and product roadmaps. Article Title
• Negative Sentiment: Q4 results showed revenue of $88.53M (down ~10% YoY) and an EPS miss: reported ($0.04) vs. consensus ($0.01) — a short-term earnings setback and weaker top-line that investors will watch. Article Title
• Negative Sentiment: Year-over-year EPS swung sharply (prior-year quarter showed positive EPS), underscoring how recent investments and transformation have pressured near-term profitability. Article Title

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBTA. Vanguard Group Inc. lifted its position in Ibotta by 17.3% during the third quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock worth $43,749,000 after buying an additional 232,027 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Ibotta by 15.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,281,219 shares of the company’s stock worth $35,682,000 after purchasing an additional 168,054 shares during the last quarter. Amova Asset Management Americas Inc. raised its stake in Ibotta by 15.6% during the third quarter. Amova Asset Management Americas Inc. now owns 1,279,652 shares of the company’s stock worth $35,600,000 after purchasing an additional 172,314 shares during the period. Nikko Asset Management Americas Inc. boosted its holdings in Ibotta by 5.1% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 1,107,338 shares of the company’s stock valued at $40,529,000 after purchasing an additional 53,820 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in shares of Ibotta by 39.3% during the 3rd quarter. ARK Investment Management LLC now owns 907,386 shares of the company’s stock worth $25,271,000 after buying an additional 255,899 shares during the last quarter.

Ibotta Stock Performance

The stock has a market cap of $621.39 million, a PE ratio of 241.02 and a beta of -0.88. The company’s 50-day moving average price is $21.95 and its 200 day moving average price is $25.51.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Ibotta had a return on equity of 0.99% and a net margin of 1.04%.The business had revenue of $88.53 million for the quarter. During the same period in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis.

Ibotta Company Profile

Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.

Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.