Added to YB: 2024-10-23
Pitch date: 2024-10-22
IBTA [bullish]
Ibotta, Inc.
-70.15%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Ibotta, Inc., a technology company, provides digital promotion services to clients in the United States.
Market Cap
$1.4B
Pitch Price
$71.70
Price Target
118.50 (+454%)
Dividend
N/A
EV/EBITDA
30.82
P/E
17.25
EV/Sales
2.78
Sector
Media
Category
growth
Ibotta’s Instacart Partnership and Strong Margins Set Stage for 74% Upside to $118.50 Target
IBTA: Dominant CPG digital rewards platform w/ 200M users, 2400+ brands. Exclusive Walmart/Instacart deals create moat. Instacart partnership underappreciated, adds $65M rev in FY25. Shift to 3P from D2C driving margins. $118.50 PT, 74% upside. Risks: partner dependency. 32% margins, high FCF conversion.
Read full article (4 min)