Mizuho Maintains Neutral on GitLab, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has maintained a Neutral rating on GitLab (NASDAQ:GTLB) but increased the price target from $51 to $65.
December 05, 2023 | 2:08 pm
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Mizuho has maintained a Neutral rating on GitLab but raised the price target from $51 to $65, indicating a positive outlook on the company's valuation.
The increase in price target from $51 to $65 by Mizuho reflects a more optimistic valuation of GitLab's stock, which could lead to positive investor sentiment and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100