Analyst Expectations for GitLab's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 16 analysts have published their opinion on GitLab (NASDAQ:GTLB) stock. The average price target is $49.88, which is lower than the current price of $52.28. The majority of the ratings are bullish or somewhat bullish. The average price target has increased by 14.35% over the past month.
July 12, 2023 | 3:01 pm
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Analysts have a lower price target for GitLab (GTLB) than its current price, but most ratings are bullish. The average price target has increased over the past month.
The lower price target suggests that analysts believe the stock may be overvalued at its current price. However, the majority of ratings being bullish indicates that analysts see potential in the company's future performance. The increase in the average price target over the past month suggests that analysts' outlook on the company has improved.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100