- RBC Capital analyst Matthew Hedberg upgraded GitLab Inc GTLB to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35% 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 platform approach allows developers, security experts, and business operation professionals to build and deploy secure applications at a rapid pace.
- Price Action: GTLB shares traded higher by 8.29% at $66.72 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
