GitLab price target lowered to $52 from $55 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on GitLab (GTLB) to $52 from $55 and keeps an Outperform rating on the shares. The company reported a “very good” fiscal Q2 but its guidance disappointed, the analyst tells investors in a research note. The firm says that while the shares have a “significant overhang” due to fears from the potential impact of other artificial intelligence coding tools, investor sentiment “is too dire” with GitLab trading at only 5.5-times estimated 2026 revenue.