Ibotta Analysts Slash Their Forecasts After Q3 Earnings Results

Benzinga

14 Nov 2024

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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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2483090248"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2483090248\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2483090248?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 22:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483090248","market":"hk","top_or_hot":-1,"title":"Ibotta Analysts Slash Their Forecasts After Q3 Earnings Results","media":"Benzinga","content":"<html><body><p><strong>Ibotta, Inc</strong>. (NYSE:IBTA) reported better-than-expected third-quarter sales on Wednesday.</p>\n<p>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.</p>\n<p>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.</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? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"575\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-1024x575.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157.png 1196w\" width=\"1024\"/></figure>\n<p><strong>Read More: </strong></p>\n<ul>\n<li><strong>US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In ‘Greed’ Zone</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ibotta Analysts Slash Their Forecasts After Q3 Earnings Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIbotta Analysts Slash Their Forecasts After Q3 Earnings Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-14 22:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Ibotta, Inc</strong>. (NYSE:IBTA) reported better-than-expected third-quarter sales on Wednesday.</p>\n<p>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.</p>\n<p>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.</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? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"575\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-1024x575.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14093057/image-157.png 1196w\" width=\"1024\"/></figure>\n<p><strong>Read More: </strong></p>\n<ul>\n<li><strong>US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In ‘Greed’ Zone</strong></li>\n</ul></body></html>\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,"columns":[],"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. (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 of 35 cents per share. The company's sales came in at $98.60 million, beating expectations of $94.05 million.\nIbotta 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.\nIbotta shares fell 2.1% to close at $74.93 on Wednesday.\nThese analysts made changes to their price targets on Ibotta following earnings announcement.\n\nNeedham analyst Bernie McTernan maintained Ibotta with a Buy and lowered the price target from $100 to $80.\nJMP Securities analyst Andrew Boone maintained Ibotta with a Market Outperform and lowered the price target from $111 to $85.\nUBS analyst Chris Kuntarich downgraded Ibotta from Buy to Neutral and lowered the price target from $90 to $65.\nWells Fargo analyst Ken Gawrelski maintained Ibotta with an Overweight and lowered the price target from $95 to $86.\n\nConsidering buying IBTA stock? Here’s what analysts think: \n\nRead More: \n\nUS Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In ‘Greed’ Zone","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}