Truist raised the firm’s price target on GitLab (GTLB) to $90 from $80 and keeps a Buy rating on the shares. The company’s Q3 results were ahead of expectations on the top and bottom lines, with broad strength across their core growth drivers, the analyst tells investors in a research note. The company had previously highlighted a more aggressive approach that they would be taking in guidance methodology, which makes the upside in the quarter even more significant, the firm added.
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Read More on GTLB:
- 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
- GitLab price target raised to $80 from $75 at Cantor Fitzgerald
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
