Scotiabank Maintains Sector Outperform on GitLab, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nick Altmann has maintained a Sector Outperform rating on GitLab (NASDAQ:GTLB) and increased the price target from $60 to $70.
December 05, 2023 | 5:34 pm
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Scotiabank analyst Nick Altmann has reaffirmed GitLab's Sector Outperform rating and raised the price target from $60 to $70, indicating a positive outlook on the stock.
The increase in price target by Scotiabank reflects a bullish sentiment on GitLab's stock, suggesting that the analyst sees potential for the stock to perform well in the short term. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100