DA Davidson analyst Gil Luria raised the firm’s price target on GitLab (GTLB) to $70 from $50 and keeps a Neutral rating on the shares. The company reported a strong quarter in the face of a cautious spending environment for software with healthy results from enterprise customers and further Ultimate adoption, the analyst tells investors in a research note. The firm adds however that GitLab’s growth is reasonably priced into the stock.
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Read More on GTLB:
- GitLab price target raised to $90 from $80 at Truist
- GitLab price target raised to $86 from $63 at BTIG
- GitLab price target raised to $75 from $62 at Baird
- GitLab price target raised to $82 from $70 at TD Cowen
- GitLab price target raised to $77 from $70 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
