UBS lowered the firm’s price target on Ibotta (IBTA) to $30 from $55 and keeps a Neutral rating on the shares. The expectation reset to “no-growth” buys time for a transformation, the analyst tells investors in a research note.
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Read More on IBTA:
- Ibotta downgraded to Equal Weight from Overweight at Wells Fargo
- Ibotta downgraded to Neutral from Buy at Goldman Sachs
- BofA downgrades Ibotta to Underperform after ‘big miss’
- Ibotta downgraded to Underperform from Neutral at BofA
- Ibotta, Inc. Class A: Buy Rating Maintained Amidst CPID Growth Potential and Stable Revenue Outlook
