Raymond James lowered the firm’s price target on GitLab (GTLB) to $55 from $60 and keeps an Outperform rating on the shares. The July quarter results featured strong upside relative to expectations, which was important given Q1 “skinnier” beat, and Raymond James tells investors that the maintained guidance is “wise” as a CFO search will kick off following the announcement that Brian Robins will leave for the Snowflake (SNOW) CFO role.
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