Barclays lowered the firm’s price target on GitLab (GTLB) to $25 from $29 and keeps an Underweight rating on the shares post the Q4 report. GitLab’s guidance and commentary “reflect its mission to fix some of the mishaps the company has made over the last couple years,” the analyst tells investors in a research note. Barclays believes the company’s “heavy investments” leave questions on return on equity.
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