Barclays analyst Raimo Lenschow lowered the firm’s price target on GitLab (GTLB) to $42 from $44 and keeps an Equal Weight rating on the shares post the Q3 report. The firm says ultimate and enterprise adoption continue to drive the company’s growth. However, GitLab’s net new go-to-market motion is likely to take some time before materially showing up in results, the analyst tells investors in a research note.
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