GitLab price target lowered to $57 from $67 at BTIG

BTIG lowered the firm’s price target on GitLab (GTLB) to $57 from $67 but keeps a Buy rating on the shares. The company posted strong Q2 results that significantly exceeded the Street expectations, but the updated revenue outlook for FY26 was disappointing, the analyst tells investors in a research note. BTIG adds however that it understands the need for conservatism in the outlook given changes to the sales and marketing structure.