---
title: "Analyst Reiterates Buy on Ibotta as Growth Outlook Improves; Keeps $45 Price Target Unchanged"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286322111.md"
description: "Analyst Bernie McTernan from Needham has reiterated a Buy rating on Ibotta, Inc. Class A, maintaining a price target of $45. He cites improving growth prospects, particularly as the company's main growth bottleneck—advertiser supply—is easing. Management anticipates a return to redemption revenue growth in Q2, supported by recent changes and enhancements. Ibotta continues to attract major publishers, including Giant Eagle, Walmart, DoorDash, and Uber, which strengthens supply and demand dynamics, justifying the Buy rating and unchanged price target."
datetime: "2026-05-13T21:45:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286322111.md)
  - [en](https://longbridge.com/en/news/286322111.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286322111.md)
---

# Analyst Reiterates Buy on Ibotta as Growth Outlook Improves; Keeps $45 Price Target Unchanged

Analyst Bernie McTernan from Needham maintained a Buy rating on Ibotta, Inc. Class A and keeping the price target at $45.00.

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Bernie McTernan has given his Buy rating due to a combination of factors tied to Ibotta’s improving growth setup and execution. After hosting CFO Matt Puckett, he came away encouraged that the company’s main growth bottleneck—advertiser supply—is easing, with management expecting a return to redemption revenue growth in the second quarter supported by recent go-to-market changes, product enhancements and contributions from LiveLift.

He also highlights that demand remains solid on the distribution side, as Ibotta continues to attract prominent publishers to its network, most recently adding Giant Eagle alongside existing partners such as Walmart, DoorDash and Uber. In McTernan’s view, this combination of strengthening supply, sustained publisher demand and clearer visibility into accelerating revenue trends supports maintaining a Buy rating and keeping his $45 price target unchanged.

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