Ibotta, Inc.: A Strong Buy Amidst Inflation-Driven Demand for Digital Rewards and Promotions
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Ibotta To Announce First Quarter 2024 Financial Results on May 30, 2024
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Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN).
Ibotta Class A trades on the NYSE stock market under the symbol IBTA.
As of May 20, 2024, IBTA stock price climbed to $106.44 with 56,735 million shares trading.
IBTA has a market cap of $3.22 billion. This is considered a Mid Cap stock.
The top ETF exchange traded funds that IBTA belongs to (by Net Assets): VTI, VB, VBR, VBK, ARKF.
IBTA support price is $102.24 and resistance is $110.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBTA stock will trade within this expected range on the day.