GitLab price target lowered to $30 from $32 at BTIG

BTIG lowered the firm’s price target on GitLab (GTLB) to $30 from $32 and keeps a Buy rating on the shares. The company’s 16% FY27 growth framework was below consensus of 18.6%, though this was well-anticipated, the analyst tells investors in a research note. BTIG adds however that the underwhelming FY27 operating margin framework and other metrics being relatively muted likely leave investors looking for more prior to stepping into shares.