GitLab price target lowered to $67 from $80 at Scotiabank

Scotiabank lowered the firm’s price target on GitLab (GTLB) to $67 from $80 and keeps an Outperform rating on the shares. The firm would characterize its recent checks on the company as “fine,” with building Duo adoption but pockets of weakness in the macro, the analyst tells investors. Additionally, while the firm does not see a significant positive catalyst in Q1 results, shares remain relatively undemanding.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on GTLB:

Disclaimer & DisclosureReport an Issue

• GitLab price target lowered to $75 from $82 at TD Cowen

• Cathie Wood Bets Big on Taiwan Semiconductor (TSM) as AI Demand Surges

• Cathie Wood’s ARK Investment buys 106K shares of GitLab today

• Microsoft (MSFT) Introduces AI Agent that Can Code for People

• GitLab achieves FedRAMP Moderate authorization