BofA Securities Adjusts Price Target on Ibotta to $26 From $22
BofA Securities has updated its price target for Ibotta, Inc. shares, increasing it from $22 to $26.
Stocks · News reference
Goldman Sachs upgraded Ibotta's stock rating to Neutral from Sell and significantly increased its price target to $58 from $35.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
BofA Securities has updated its price target for Ibotta, Inc. shares, increasing it from $22 to $26.
Ibotta stock surged over 30% after reporting strong Q3 2026 earnings with 17.4% revenue growth, marking a significant turnaround from an 18-month revenue slump. The company's decision to lower its take rate per redemption drove higher volumes, while adjusted EBITDA jumped 43%. Aggressive share buybacks have reduced share count by 20% over the past year despite maintaining a strong net cash position.
Ibotta reported Q3 2026 revenue of $97.8 million, up 17% year-over-year, with third-party publisher redemptions surging 43%. The company is expanding beyond core grocers to regional chains and delivery services, reaching 23.6 million redeemers at an all-time high. Strong operating leverage drove adjusted EBITDA growth of 43%, with management projecting mid-single digit revenue growth for 2027.
Ibotta, Inc. announced its third-quarter 2026 financial results, reporting revenue of $97.8 million and adjusted earnings per share of $0.62, both exceeding analyst expectations.
Filed: 2026-09-24 AccNo: 0001628280-26-063400 Size: 169 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Goldman Sachs analyst Eric Sheridan maintains Ibotta (NYSE:IBTA) with a Sell and raises the price target from $28 to $32.