Ibotta Analysts Slash Their Forecasts After Q3 Earnings Results

Benzinga11-14 22:31

Ibotta, Inc. (NYSE:IBTA) reported better-than-expected third-quarter sales on Wednesday.

Ibotta posted third-quarter adjusted earnings of 94 cents per share, which may not compare to market estimates of 35 cents per share. The company's sales came in at $98.60 million, beating expectations of $94.05 million.

Ibotta said it sees fourth-quarter revenue of $100 million to $106 million, versus analysts' estimates of $110.29 million. The company expects adjusted EBITDA of $30 million to $34 million.

Ibotta shares fell 2.1% to close at $74.93 on Wednesday.

These analysts made changes to their price targets on Ibotta following earnings announcement.

Needham analyst Bernie McTernan maintained Ibotta with a Buy and lowered the price target from $100 to $80.
JMP Securities analyst Andrew Boone maintained Ibotta with a Market Outperform and lowered the price target from $111 to $85.
UBS analyst Chris Kuntarich downgraded Ibotta from Buy to Neutral and lowered the price target from $90 to $65.
Wells Fargo analyst Ken Gawrelski maintained Ibotta with an Overweight and lowered the price target from $95 to $86.

Considering buying IBTA stock? Here’s what analysts think:

Read More:

US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In ‘Greed’ Zone

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The company expects adjusted EBITDA of $30 million to $34 million.</p>\n<p>Ibotta shares fell 2.1% to close at $74.93 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Ibotta following earnings announcement.</p>\n<ul>\n<li>Needham analyst Bernie McTernan maintained Ibotta with a Buy and lowered the price target from $100 to $80.</li>\n<li>JMP Securities analyst Andrew Boone maintained Ibotta with a Market Outperform and lowered the price target from $111 to $85.</li>\n<li>UBS analyst Chris Kuntarich downgraded Ibotta from Buy to Neutral and lowered the price target from $90 to $65.</li>\n<li>Wells Fargo analyst Ken Gawrelski maintained Ibotta with an Overweight and lowered the price target from $95 to $86.</li>\n</ul>\n<p><strong>Considering buying IBTA stock? 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(NYSE:IBTA) reported better-than-expected third-quarter sales on Wednesday.\nIbotta posted third-quarter adjusted earnings of 94 cents per share, which may not compare to market estimates ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/41974678/ibotta-analysts-slash-their-forecasts-after-q3-earnings-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IBTA","symbol_name":"Ibotta Inc.","start_time":0,"source_url":"https://www.benzinga.com/24/11/41974678/ibotta-analysts-slash-their-forecasts-after-q3-earnings-results","article_id":"2483090248","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483090248","pubTimestamp":1731594719,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IBTA":"Ibotta Inc."},"translate_title":"Ibotta分析师在第三季度盈利结果公布后大幅下调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBTA":0.9},"content_text":"Ibotta, Inc. 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