TD Cowen Maintains Outperform on GitLab, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood has maintained an Outperform rating on GitLab (NASDAQ:GTLB) and increased the price target from $63 to $71.
December 05, 2023 | 3:22 pm
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TD Cowen analyst J. Derrick Wood maintains an Outperform rating on GitLab and raises the price target from $63 to $71, indicating a positive outlook on the stock.
The increase in price target by TD Cowen suggests a strong confidence in GitLab's future performance. This positive analyst rating is likely to influence investor sentiment and could lead to a short-term increase in the stock price, as market participants may interpret the raised target as a sign of potential growth and profitability.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100