Truist Securities Maintains Buy Rating for GitLab: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of GitLab GTLB and lower its price target from $75.00 to $65.00.

Shares of GitLab are trading down 2.17% over the last 24 hours, at $43.23 per share.

A move to $65.00 would account for a 50.36% increase from the current share price.

About GitLab

GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.