Barclays raised the firm’s price target on GitLab (GTLB) to $70 from $55 and keeps an Equal Weight rating on the shares post the Q3 report. The firm says the CEO change, continued margin expansion, positive Duo commentary, and management passing through more than the Q3 revenue beat were the key points in the quarter. It believes investors are likely to leave the Q3 feeling better about GitLab’s Ultimate momentum.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GTLB:
- HP Enterprise, Ulta Beauty report quarterly beats: Morning Buzz
- GitLab price target raised to $85 from $70 at Needham
- GitLab price target raised to $80 from $73 at RBC Capital
- GitLab price target raised to $70 from $50 at DA Davidson
- GitLab price target raised to $80 from $75 at Scotiabank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
