Goldman Sachs Maintains Sell on Ibotta, Raises Price Target to $32
Goldman Sachs analyst Eric Sheridan maintains Ibotta (NYSE:IBTA) with a Sell and raises the price target from $28 to $32.
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Ibotta (NYSE:IBTA) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $(0.30) by 253.33 percent. This is a 6.12 percent decrease over earnings of $0.49 per share from the same
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Goldman Sachs analyst Eric Sheridan maintains Ibotta (NYSE:IBTA) with a Sell and raises the price target from $28 to $32.
U.S. stocks gain with Nasdaq up more than 2% on Tuesday. Dow up 1.79% to 54,129.35, Nasdaq up 2.22% to 26,490.24, S&P 500 up 1.64% to 7,725.48. Tech shares jump 3.8%, utilities down 0.5%. McDonald's beats earnings estimates. Ibotta, Backblaze, Corvex up, Adapthealth, Better Home & Finance, Clearpoint Neuro down.
US stocks rose, with Dow Jones gaining 500 points on Tue.Caterpillar Inc (CAT) shares surged 8.3% on better-than-expected earnings. Other stocks recording gains include IBTA, BLZE, AMRC, W, VOYG, UFPT, PLTR, ZBRA, INSP, & DORM.
Wells Fargo analyst Ken Gawrelski maintains Ibotta (NYSE:IBTA) with a Equal-Weight and raises the price target from $38 to $40.