RBC Capital Maintains Outperform on GitLab, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on GitLab (NASDAQ:GTLB) and increased the price target from $62 to $70, indicating a positive outlook on the company's stock.
December 05, 2023 | 3:59 pm
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RBC Capital analyst Matthew Hedberg has reaffirmed GitLab's Outperform rating and raised the price target to $70, suggesting a bullish stance on the stock's future performance.
The increase in price target by RBC Capital reflects a strong vote of confidence in GitLab's prospects, likely leading to increased investor interest and a potential short-term rise in the stock price.
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