Morgan Stanley analyst Sanjit Singh initiated coverage of GitLab with an Overweight rating and $70 price target After decades of fragmentation, the software delivery market is consolidating as the focus on cost and engineering productivity rises, the analyst tells investors in a research note. The firm sees GitLab as a key consolidator in a large market, positioning the company as the “next enterprise platform story in software.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB:
- DA Davidson software analysts hold an analyst/industry conference call
- Class Action Lawsuit Against Gitlab Inc. (NASDAQ:GTLB)
- SEC Fines GOOGL and GS for Delayed Insider Reporting
- Cathie Wood’s ARK ETFs Snap up Gitlab and Amazon Stocks
- DA Davidson tech analysts hold an analyst/industry conference call
Questions or Comments about the article? Write to editor@tipranks.com