Wells Fargo Maintains Overweight on GitLab, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on GitLab and raised the price target from $70 to $75.
September 04, 2024 | 1:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has reaffirmed its Overweight rating on GitLab and increased the price target from $70 to $75, indicating a positive outlook.
The increase in price target from $70 to $75 by Wells Fargo suggests a positive sentiment towards GitLab's future performance. The Overweight rating indicates that the analyst expects GitLab to outperform the average market return, which could lead to a short-term increase in stock price as investors react to this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100