Citi analyst Ronald Josey maintained a Hold rating on Ibotta, Inc. Class A yesterday and set a price target of $28.00.
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Ronald Josey’s rating is based on a combination of factors that reflect both the current performance and future potential of Ibotta, Inc. Class A. The company reported third-quarter results that slightly exceeded expectations, with revenue and EBITDA figures surpassing consensus estimates. However, the guidance for the fourth quarter was slightly below expectations due to macroeconomic challenges affecting consumer packaged goods advertising spending.
Despite these challenges, the company is making progress with its LiveLift initiative, which has shown promising early results with a high renewal rate among pilot partners. The full launch of LiveLift is planned for the first quarter, although the longer sales cycle and the need for brands to evaluate results before increasing budgets could delay revenue impacts until the second half of 2026. Additionally, there is positive momentum with third-party partners like Walmart and Instacart, indicating increased adoption. These factors contribute to the Hold rating, as the potential for improved execution is balanced by current macroeconomic headwinds and execution challenges.
In another report released on November 8, TR | OpenAI – 4o also downgraded the stock to a Hold with a $31.00 price target.
IBTA’s price has also changed moderately for the past six months – from $49.770 to $32.730, which is a -34.24% drop .