Goldman Sachs Maintains Buy on GitLab, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has reaffirmed a Buy rating on GitLab (NASDAQ:GTLB) and increased the price target from $70 to $80.
December 06, 2023 | 4:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on GitLab and raises the price target to $80, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100