While Ibotta Inc has underperformed by -5.04%, investors are advised to look at stock chart patterns for technical insight.
On November 14, 2024, UBS Downgraded Ibotta Inc (NYSE: IBTA) to Neutral. A report published by Goldman on October 14, 2024, Upgraded its rating to ‘Buy’ for IBTA. Needham also reiterated IBTA shares as ‘Buy’, quoting a target price of $100 on the company’s shares in a report dated August 14, 2024. Wells Fargo Initiated an Overweight rating on May 13, 2024, and assigned a price target of $131. UBS initiated its ‘Buy’ rating for IBTA, as published in its report on May 13, 2024. JMP Securities’s report from May 13, 2024 suggests a price prediction of $130 for IBTA shares, giving the stock a ‘Mkt Outperform’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Ibotta Inc (IBTA)
Further, the quarter-over-quarter increase in sales is 15.63%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ibotta Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 2.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and IBTA is recording an average volume of 286.84K. On a monthly basis, the volatility of the stock is set at 5.61%, whereas on a weekly basis, it is put at 7.40%, with a loss of -17.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $83.22, showing growth from the present price of $61.00, which can serve as yet another indication of whether IBTA is worth investing in or should be passed over.
How Do You Analyze Ibotta Inc Shares?
Ibotta Inc (IBTA) is based in the USA and is one of the most prominent companies operating in the Software – Application market. When comparing Ibotta Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 162.49, there is a growth in quarterly earnings of 102.41%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 48.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 44.15% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IBTA shares are owned by institutional investors to the tune of 44.15% at present.
