RBC Capital Maintains Outperform on GitLab, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on GitLab (NASDAQ:GTLB) and raises the price target from $45 to $56.
June 06, 2023 | 11:26 am
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POSITIVE IMPACT
RBC Capital maintains an Outperform rating on GitLab (NASDAQ:GTLB) and raises the price target from $45 to $56.
The news of RBC Capital maintaining an Outperform rating and raising the price target for GitLab (GTLB) is positive for the stock. This indicates that the analyst believes the company's performance will continue to be strong and that the stock is likely to outperform the market. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100