JPMorgan lowered the firm’s price target on GitLab (GTLB) to $28 from $53 and keeps a Neutral rating on the shares. The company surpassed $1B in annual recurring revenue but its fiscal 2027 guidance is disappointing, the analyst tells investors in a research note. The firm sees execution risk for GitLab.
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Read More on GTLB:
- GitLab price target lowered to $26 from $45 at Wells Fargo
- GitLab price target lowered to $58 from $72 at BofA
- GitLab price target lowered to $25 from $29 at Barclays
- GitLab downgraded to Neutral from Overweight at Piper Sandler
- GitLab: Solid Q4 Execution but Weaker Outlook, Rising AI Competition Keep Rating at Hold