JP Morgan Maintains Neutral on GitLab, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains a Neutral rating on GitLab (NASDAQ:GTLB) but lowers the price target from $55 to $50.

June 04, 2024 | 1:19 pm
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JP Morgan analyst Pinjalim Bora maintains a Neutral rating on GitLab but lowers the price target from $55 to $50.
The Neutral rating suggests that the analyst does not expect significant short-term movement in the stock price. However, the lowered price target indicates a slightly more cautious outlook, which could lead to minor negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100