GitLab Inc (GTLB) PT Raised to $35 at DA Davidson Following Larger-Than-Typical Beat
DA Davidson analyst Lucky Schreiner raised the price target on GitLab Inc (NASDAQ: GTLB) to $35.00 (from $24.00) while maintaining a Neutral rating.
The analyst commented, "GitLab reported a larger than typical beat with growth trends stabilizing as initial uptake of the Duo Agent Platform contributed to SaaS outperformance. Macro conditions remain challenging with greater headcount reductions than expected while price sensitive customers are still constrained. We have raised our FY27 estimates modestly but maintain our NEUTRAL rating as GTLB works through pockets of demand pressure."