Goldman Sachs lowered the firm’s price target on GitLab (GTLB) to $42 from $48 and keeps a Neutral rating on the shares. GitLab’s post-Q3 selloff reflects slowing subscription and RPO growth, continued NER deceleration, softer new-business trends, and a cautious outlook tied to PubSec delays, DOGE impacts, and SMB weakness, despite strong profitability, higher Ultimate mix, and early AI traction, the analyst tells investors in a research note.
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