1538 ET - Raymond James downgrades Ibotta to market perform from outperform after the digital marketing company's quarterly results and outlook were hurt by issues including insufficient offer supply from consumer packaged goods providers. "The company pointed to some green shoots that are popping up (new measurement platform showing promise among a couple select clients), but we see the proving-out period likely to take quarters," Raymond James says. "This marks the fourth quarterly miss (either in current-period results or outlook, in this case both) for Ibotta out of four since its IPO in April 2024," the firm says. Citigroup also downgrades Ibotta. Ibotta drops 45% to $35.05, set to close at an all-time low. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 15:38 ET (20:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。