Cantor Fitzgerald Maintains Overweight on GitLab, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Jonathan Ruykhaver has maintained an Overweight rating on GitLab (NASDAQ:GTLB) and increased the price target from $55 to $65.
December 05, 2023 | 5:00 pm
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Cantor Fitzgerald analyst reaffirms Overweight rating on GitLab and raises price target to $65, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100