Barclays Maintains Equal-Weight on GitLab, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan McKeveny maintains an Equal-Weight rating on GitLab (NASDAQ:GTLB) but lowers the price target from $55 to $50.
June 04, 2024 | 3:20 pm
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Barclays analyst Ryan McKeveny maintains an Equal-Weight rating on GitLab but lowers the price target from $55 to $50.
The lowered price target from $55 to $50 suggests a less optimistic outlook for GitLab's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100