Analyst Bernie McTernan from Needham maintained a Buy rating on Ibotta, Inc. Class A and keeping the price target at $45.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Bernie McTernan has given his Buy rating due to a combination of factors tied to Ibotta’s improving growth setup and execution. After hosting CFO Matt Puckett, he came away encouraged that the company’s main growth bottleneck—advertiser supply—is easing, with management expecting a return to redemption revenue growth in the second quarter supported by recent go-to-market changes, product enhancements and contributions from LiveLift.
He also highlights that demand remains solid on the distribution side, as Ibotta continues to attract prominent publishers to its network, most recently adding Giant Eagle alongside existing partners such as Walmart, DoorDash and Uber. In McTernan’s view, this combination of strengthening supply, sustained publisher demand and clearer visibility into accelerating revenue trends supports maintaining a Buy rating and keeping his $45 price target unchanged.