GitLab price target lowered to $58 from $70 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on GitLab (GTLB) to $58 from $70 and keeps an Equal Weight rating on the shares following the Q4 report. The firm believes investors are encouraged by GitLab’s fiscal 2026 revenue guidance and says its stronger software-as-a-service results could help it get off the sidelines.