BofA lowered the firm’s price target on GitLab (GTLB) to $58 from $72 and keeps a Buy rating on the shares after the company reported “mixed” Q4 results. While the firm continues to think that GitLab is a long-term share-gainer and views the risk/reward as “attractive” at the current valuation, it revised its forecast to account for updated views on growth and profitability.
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Read More on GTLB:
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