Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ibotta Inc before investing.

In this article, we go over a few key elements for understanding Ibotta Inc’s stock price such as:

• Ibotta Inc’s current stock price and volume
• Why Ibotta Inc’s stock price changed recently
• Upgrades and downgrades for IBTA from analysts
• IBTA’s stock price momentum as measured by its relative strength

About Ibotta Inc (IBTA)

Before we jump into Ibotta Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Ibotta, Inc. is a technology company that allows consumer packaged goods (CPG) brands to deliver digital promotions to consumers through a single network called the Ibotta Performance Network (IPN). The Company provides promotional services to publishers, retailers, and advertisers through the IPN, which includes its direct-to-consumer mobile, Web, and browser extension properties and its network of third-party publisher properties. Most of the Company's offers cover products in non-discretionary categories, such as grocery and also works with general merchandise manufacturers in categories, such as toys, clothing, beauty, electronics, pet, home goods, and sporting goods. In addition to providing digital offers for retailers, it also makes the same offers available on its own digital properties, Ibotta D2C. Its technology platform uses an artificial intelligence (AI)-enabled offer engine that is designed to match and distribute the right offer to the right consumer at the right time.

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Ibotta Inc’s Stock Price as of Market Close

As of September 13, 2024, 4:00 PM, CST, Ibotta Inc’s stock price was $59.48.

Ibotta Inc is up 5.91% from its previous closing price of $56.16.

During the last market session, Ibotta Inc’s stock traded between $50.93 and $56.36. Currently, there are 25.66 million shares of Ibotta Inc stock available for purchase.

Unfortunately, Ibotta Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Ibotta Inc Stock Price History

Ibotta Inc’s (IBTA) price is currently up 4% so far this month.

During the month of September, Ibotta Inc’s stock price has reached a high of $60.38 and a low of $49.44.

Over the last year, Ibotta Inc has hit prices as high as $117.59 and as low as $41.87.

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What Caused Ibotta Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 12, 2024, there were 4 analysts who downgraded Ibotta Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Ibotta Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ibotta Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ibotta Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ibotta Inc (IBTA) by visiting AAII Stock Evaluator.

Relative Price Strength of Ibotta Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 12, 2024, Ibotta Inc has a weighted four-quarter relative price strength of %, which translates to a Momentum Score of and is considered to be NA.

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Ibotta Inc Stock Price: Bottom Line

As of September 13, 2024, Ibotta Inc’s stock price is $59.48, which is up 5.91% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ibotta Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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