Keybanc Maintains Overweight on GitLab, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits has maintained an Overweight rating on GitLab (NASDAQ:GTLB), but lowered the price target from $65 to $57.
October 23, 2023 | 8:58 am
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GitLab's price target has been lowered from $65 to $57 by Keybanc, although the Overweight rating is maintained.
The lowering of the price target by Keybanc could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
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