TD Cowen analyst Derrick Wood lowered the firm’s price target on GitLab (GTLB) to $62 from $67 and keeps a Buy rating on the shares. The firm updated it model after previewing its Q2 as checks continue to be constructive and they see the quarter as better than feared.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB:
- Positive Outlook for Gitlab: Strong Revenue Growth, Attractive Valuation, and AI Opportunities Support Buy Rating
- Gitlab call volume above normal and directionally bullish
- GitLab’s Strategic AWS Collaboration and Growth Potential Justify Buy Rating
- GitLab signs three-year collaboration agreement with Amazon Web Services
- Realty Income, GitLab, DoorDash, Iovance, Senseonics: Trending by Analysts
