Wells Fargo & Company Issues Positive Forecast for Ibotta (NYSE:IBTA) Stock Price

Ibotta (NYSE:IBTA) had its price objective boosted by Wells Fargo & Company from $30.00 to $34.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

IBTA has been the subject of several other reports. Evercore dropped their price objective on Ibotta from $38.00 to $32.00 and set an “in-line” rating for the company in a report on Thursday, November 13th. The Goldman Sachs Group dropped their price target on Ibotta from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ibotta in a research note on Monday, December 29th. Finally, Bank of America decreased their target price on shares of Ibotta from $24.00 to $22.00 and set an “underperform” rating on the stock in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $33.14.

Ibotta Stock Up 29.3%

NYSE IBTA opened at $26.51 on Thursday. The firm has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $25.51. Ibotta has a 12-month low of $19.10 and a 12-month high of $62.74. The company has a market capitalization of $621.39 million, a P/E ratio of 241.02 and a beta of -0.88.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $88.53 million during the quarter. Ibotta had a net margin of 1.04% and a return on equity of 0.99%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS.

Hedge Funds Weigh In On Ibotta

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ibotta by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock valued at $396,000 after buying an additional 515 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Ibotta during the 1st quarter valued at $161,000. Goldman Sachs Group Inc. grew its position in Ibotta by 16.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 122,514 shares of the company’s stock worth $5,170,000 after acquiring an additional 17,421 shares during the last quarter. CWM LLC increased its holdings in Ibotta by 225.2% in the 2nd quarter. CWM LLC now owns 943 shares of the company’s stock worth $35,000 after purchasing an additional 653 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Ibotta in the second quarter valued at about $395,000.

Key Ibotta News

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta issued Q1 2026 revenue guidance of $78.0M–$82.0M, above consensus (~$74.4M), signaling expected top-line stabilization and helping lift sentiment. Article Title
• Positive Sentiment: Management highlighted LiveLift, a new capability they say will transform promotions and drive future growth — investors are treating this as a credible product-led turnaround. Article Title
• Positive Sentiment: Wells Fargo raised its price target from $30 to $34 (equal weight), which may have supported buying interest by signaling analyst confidence in the recovery path. Article Title Article Title
• Neutral Sentiment: Multiple outlets published full earnings call transcripts and slide decks, increasing transparency and giving investors materials to reassess guidance and product roadmaps. Article Title
• Negative Sentiment: Q4 results showed revenue of $88.53M (down ~10% YoY) and an EPS miss: reported ($0.04) vs. consensus ($0.01) — a short-term earnings setback and weaker top-line that investors will watch. Article Title
• Negative Sentiment: Year-over-year EPS swung sharply (prior-year quarter showed positive EPS), underscoring how recent investments and transformation have pressured near-term profitability. Article Title

About Ibotta

Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.

Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.