Professional
Added to YB: 2024-08-21
Pitch date: 2024-06-30
IBTA [bullish]
Ibotta, Inc.
-71.32%
current return
Author Info
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Company Info
Ibotta, Inc., a technology company, provides digital promotion services to clients in the United States.
Market Cap
$1.4B
Pitch Price
$74.61
Price Target
N/A
Dividend
N/A
EV/EBITDA
30.82
P/E
17.25
EV/Sales
2.78
Sector
Media
Category
growth
Show full summary:
Baron Small Cap Fund New Position: Ibotta, Inc.
IBTA added to position: IPO Apr. Cashback rewards via IPN & app. 2400+ brands, 200M+ consumers. 70% incremental margins on 3rd-party biz. $320M rev 2023. Leader in digital rewards, $1.8B credited. Exclusive Walmart deal catalyst. Q1: rev +52% YoY to $82M, adj EBITDA +28%. Soft Q2 guide due to retailer ramp-up. Added to position on dip.
Read full article (2 min)