TD Cowen lowered the firm’s price target on GitLab (GTLB) to $56 from $62 and keeps a Buy rating on the shares. The firm said they reported a solid 3Q with revenue growth of 25%, a roughly 2% beat versus. the roughly 3% TTM avgerage. Softness in US Fed and SMB led to more muted upside, and the in-line 4Q guide incorporates these dynamics.
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