Goldman Sachs downgraded Ibotta (IBTA) to Neutral from Buy with a price target of $30, down from $58. The company’s Q2 sales and Q3 framework missed estimates as its platform transition to more performance based marketing remains a headwind, the analyst tells investors in a research note. The firm cites a lack of visibility into Ibotta’s platform transition for the downgrade. It believes investor patience is required.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBTA:
- Ibotta downgraded to Underperform from Neutral at BofA
- Ibotta, Inc. Class A: Buy Rating Maintained Amidst CPID Growth Potential and Stable Revenue Outlook
- Ibotta downgraded to Market Perform from Outperform at Citizens JMP
- Ibotta Reports Mixed Q2 2025 Financial Results
- Ibotta downgraded to In Line from Outperform at Evercore ISI