Category: GitLab

GitLab Shares Pop as Analysts See Sharp Upside Post Q4

March 16, 2022
Business & EconomyCompaniesDevOpsDevSecOpseconomyGitLabMarketsSharesstocks
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Analysts painted sharp upside to GitLab Inc. post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations. Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2 percent upside) and kept a Buy, citing the change in discount rate assumptions since the IPO. KeyBanc analyst Michael Turits lowered the PT to $50…

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Here’s Why RBC Capital Sees Sharp Upside in GitLab

February 4, 2022
Business & EconomyCompaniesGitLabInvestmentMarketsstockstocks
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RBC Capital analyst Matthew Hedberg upgraded GitLab Inc. to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35 percent upside. The analyst cites the stock’s “more reasonable valuation” after a pullback in price. Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps market, as its…

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Piper Sandler Upgrades GitLab, Sees 45 Percent Upside

January 7, 2022
Business & EconomyCompanieseconomyGitLabMarketspiperSandlerupgrade
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Piper Sandler analyst Rob Owens upgraded GitLab Inc. to Overweight from Neutral with an unchanged price target of $100, suggesting a 45.2 percent upside. Many of the demand drivers that positively impacted cybersecurity spending in 2021 remain in play as we enter 2022, Owens tells investors in a research note. Add to that a “relatively optimistic” IT spending…

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