GitLab Inc (GTLB) PT Lowered to $76 at Bernstein SocGen Group
Bernstein SocGen Group analyst Peter Weed lowered the price target on GitLab Inc (NASDAQ: GTLB) to $76.00 (from $78.00) while maintaining a Outperform rating.
The analyst comments "GitLab’s FQ4’25 earnings (Jan ‘25 end) revenue delivered a “normal” beat of 2.9% vs. guide (this year beats were between 2.2 and 4.6%), and a strong narrative. In just his first quarter as CEO, Bill Staples showed increasing momentum in the product platform and customer demand. Not to mention he introduced a new CRO that appears to have a natural fit. We think the narrative was in no small part why the stock was up +2% after market even though Q1 and FY26 guidance came in just below the consensus guidance."