GitLab shares are trading higher on continued strength after the company recently reported better-than-expected Q1 results. Multiple analysts raised their price targets on the stock following the report.
Portfolio Pulse from Benzinga Newsdesk
GitLab shares are trading higher due to continued strength after reporting better-than-expected Q1 results. Multiple analysts raised their price targets on the stock following the report.
June 07, 2023 | 2:10 pm
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GitLab's better-than-expected Q1 results led to higher trading and multiple analysts raising their price targets on the stock.
GitLab's strong Q1 results exceeded expectations, leading to higher trading and increased confidence among analysts. This resulted in multiple analysts raising their price targets on the stock, which is likely to have a positive short-term impact on GitLab's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100