RBC Capital Maintains Outperform on GitLab, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on GitLab (NASDAQ:GTLB) and raises the price target from $55 to $60.
September 04, 2024 | 1:41 pm
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RBC Capital has reaffirmed its Outperform rating on GitLab and increased the price target from $55 to $60, indicating confidence in the company's future performance.
The increase in price target from $55 to $60 by RBC Capital suggests a positive outlook on GitLab's future performance. The Outperform rating indicates that the analyst expects GitLab to perform better than the market average, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100