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Ibotta, Inc., a technology company, provides digital promotion services to clients in the United States. The company sources digital promotions from its clients primarily consumer packaged goods brands and distributes these promotions to consumers through its network of publishers enabled by Ibotta Performance Network (IPN), a technology platform. It offers promotional services to publishers, retailers, and advertisers through the IPN, including direct-to-consumer mobile, web, and browser extension properties, as well as third-party publisher properties. The company also provides various digital ad products, such as display ads, tiles, sponsored offers, newsletters, and feature placements. The company was formerly known as Zing Enterprises, Inc. and changed its name to Ibotta, Inc. in 2012. Ibotta, Inc. was incorporated in 2011 and is headquartered in Denver, Colorado.
Digital Savings Pionee | Explore Ibotta's innovative approach to digital coupons, connecting consumers with retailers and brands in the $90 billion CPG promotions category |
Financial Prowess | Discover Ibotta's impressive 87.17% gross profit margin and strong liquidity, with Q1 2024 revenue reaching $82 million, up 43% year-over-yea |
Strategic Alliances | Learn how partnerships with Walmart, Instacart, and others are driving Ibotta's growth, with the Instacart alliance alone projected to add $50M+ by 2026 |
Market Valuation | Delve into analyst perspectives, with price targets ranging from $65 to $130 per share, as Ibotta aims for long-term EBITDA margins exceeding 45% |
Metrics to compare | IBTA | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipIBTAPeersSector | |
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P/E Ratio | 19.0x | 5.5x | 6.5x | |
PEG Ratio | 0.77 | −0.14 | 0.01 | |
Price/Book | 2.8x | 1.0x | 1.8x | |
Price / LTM Sales | 3.1x | 1.4x | 1.5x | |
Upside (Analyst Target) | 44.8% | 41.9% | 18.3% | |
Fair Value Upside | Unlock | 31.8% | 13.7% | Unlock |