Cantor Fitzgerald Maintains Overweight on GitLab, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Jonathan Ruykhaver has maintained an Overweight rating on GitLab (NASDAQ:GTLB) but lowered the price target from $80 to $70.
March 05, 2024 | 12:48 pm
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Cantor Fitzgerald has maintained its Overweight rating on GitLab but reduced the price target from $80 to $70.
The reduction in price target by Cantor Fitzgerald, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors. This adjustment reflects a revised valuation perspective, potentially due to market conditions or company performance insights not detailed in the news. Such a move often results in short-term price pressure as the market adjusts to the new valuation benchmark.
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