GitLab price target lowered to $27 from $30 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on GitLab (GTLB) to $27 from $30 and keeps a Neutral rating on the shares. Heading into GitLab’s Q1 earnings, AI-driven usage growth across CI/CD and security workflows is strengthening platform engagement, but durability concerns are rising as dollar-based net retention rate continues to decline, new logo growth remains difficult in a saturated DevSecOps market, recent restructuring and broader tech layoffs add uncertainty, and investor focus is shifting toward whether the company can successfully execute its agentic software development pivot amid a more pressured operating backdrop, the analyst tells investors in a research note.