The Latest Analyst Ratings for GitLab
Portfolio Pulse from Benzinga Insights
GitLab (NASDAQ:GTLB) has received a mix of bullish and indifferent analyst ratings over the last quarter, with no bearish sentiments. Out of 14 analysts, there were 5 bullish, 7 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for GitLab is $59.57, with a high of $65.00 and a low of $50.00. This target has increased by 3.03% over the past month. Analyst ratings are opinions based on financial analysis and are issued quarterly.
November 29, 2023 | 2:00 pm
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POSITIVE IMPACT
GitLab has received predominantly bullish and somewhat bullish ratings from analysts, with an average price target of $59.57, reflecting a positive sentiment among analysts.
The positive analyst ratings and the increase in the average price target suggest a favorable outlook for GitLab, which could lead to a short-term increase in the stock price. Analyst ratings can influence market sentiment and investor decisions, especially when there is a clear trend of optimism as seen with GitLab.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100