UBS lowered the firm’s price target on GitLab (GTLB) to $60 from $73 and keeps a Buy rating on the shares. GitLab’s Q2 print was solid on the surface, but “merely reaffirmed” the full year guidance and didn’t pass along the beat, the analyst tells investors in a research note. The print did not clear the bar and UBS expected sentiment to remain mixed/cautious.
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