Evercore ISI raised the firm’s price target on Ibotta (IBTA) to $65 from $56 and keeps an Outperform rating on the shares following what the firm describes as “Beat and Bracket Q1 EPS results.” Shares are now trading at a valuation that firm finds “reasonable” and it believes revenue growth and EBITDA margin are set to accelerate/expand throughout the course of 2025, the analyst tells investors in a post-earnings note.
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