BofA analyst Curtis Nagle lowered the firm’s price target on Ibotta (IBTA) to $22 from $24 and keeps an Underperform rating on the shares. Following Q3 results and Q4 guidance, the firm lowers its 2026 revenue forecast by 6% and EBITDA by 17%, cuts its 2027 revenue view by 4% and EBITDA by 9%, and rolls forward its valuation framework to 2027.
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Read More on IBTA:
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