Ibotta stock surged 26.4% in March 2025 due to rebound and buyback program.

From Yahoo Finance: 2025-04-04 16:11:00

Shares of Ibotta (NYSE: IBTA) surged 26.4% in March, rebounding from a disappointing earnings report in February. The company faced challenges with coupon-style offer budgets but showed resilience against marketwide bearish trends. Investors saw the stock drop as a buying opportunity, leading to a quick recovery and a $100 million share buyback program.

Ibotta’s price-saving services are expected to remain popular in the current economy, especially with rising inflation rates. Despite a 32% year-to-date price drop, the company is poised to benefit from the unfavorable state of the American consumer market. Other digital advertising market players have also seen significant price drops.

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Read more: Why Ibotta Stock Soared in March 2025