Mizuho Maintains Buy on GitLab, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz maintains a Buy rating on GitLab (NASDAQ:GTLB) but lowers the price target from $70 to $62.

June 04, 2024 | 12:01 pm
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NEUTRAL IMPACT
Mizuho analyst Gregg Moskowitz maintains a Buy rating on GitLab but lowers the price target from $70 to $62.
The Buy rating suggests continued confidence in GitLab's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100