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Ibotta, Inc. (IBTA): A Bear Case Theory

We came across a bearish thesis on Ibotta, Inc. (IBTA) on The Bear Cave’s Substack by Edwin Dorsey. In this article, we will summarize the bears’ thesis on IBTA. Ibotta, Inc. (IBTA)'s share was trading at $46.44 as of 10th June. IBTA’s trailing and forward P/E were 24.67 and 42.37 respectively according to Yahoo Finance.

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Ibotta (NYSE: IBTA), a recently public digital couponing company with a $1.25 billion valuation, aims to “make every purchase rewarding” through its...