GitLab shares are trading higher after Morgan Stanley initiated coverage on the stock with an Overweight rating and announced a price target of $70.
Portfolio Pulse from Benzinga Newsdesk
GitLab shares rise as Morgan Stanley initiates coverage with an Overweight rating and a $70 price target.
October 09, 2024 | 4:29 pm
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POSITIVE IMPACT
GitLab shares are trading higher following Morgan Stanley's initiation of coverage with an Overweight rating and a $70 price target.
Morgan Stanley's positive analyst rating and price target are likely to boost investor confidence, leading to a short-term increase in GitLab's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100