RBC Capital Maintains Outperform on GitLab, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an 'Outperform' rating on GitLab (NASDAQ:GTLB) and raises the price target from $60 to $62.
September 06, 2023 | 2:04 pm
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RBC Capital maintains an 'Outperform' rating on GitLab and raises the price target from $60 to $62. This could potentially lead to an increase in GitLab's stock price.
The 'Outperform' rating indicates that the analyst expects GitLab to do better than the market average. The increase in the price target from $60 to $62 suggests that the analyst sees potential for the stock's price to rise. This could lead to increased investor interest and a potential increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100