GitLab price target lowered to $44 from $47 at Barclays

Barclays lowered the firm’s price target on GitLab (GTLB) to $44 from $47 and keeps an Equal Weight rating on the shares. The company’s guidance could bring up questions about its growth durability, the analyst tells investors in a research note. The firm says that while GitLab’s underlying momentum “appears stable,” its new business growth and confidence in its medium-term outlook “remain in question.”