Ibotta price target raised to $45 from $33 at Needham

Needham raised the firm’s price target on Ibotta (IBTA) to $45 from $33 and keeps a Buy rating on the shares after its Q1 results. While the current contribution from LiveLift is modest, the re-up rate from advertisers and new advertisers coming to the platform are both encouraging, the analyst tells investors in a research note.