TD Cowen Maintains Outperform on GitLab, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood maintains an Outperform rating on GitLab (NASDAQ:GTLB) but lowers the price target from $80 to $76.

March 05, 2024 | 2:51 pm
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TD Cowen maintains an Outperform rating on GitLab but lowers the price target from $80 to $76.
While the reduction in price target from $80 to $76 by TD Cowen could suggest a slightly less optimistic view on GitLab's short-term price potential, the maintenance of an Outperform rating indicates a continued positive outlook on the company's performance. This mixed signal might lead to neutral short-term price movement as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100