BofA lowered the firm’s price target on GitLab to $80 from $85 and keeps a Buy rating on the shares after the company reported “good” fiscal Q1 results and FY25 revenue and pro-forma operating income guidance were raised above the Q1 beats. The results support the firm’s long-term bull thesis that GitLab is a share gainer in the attractive DevSecOps category, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB:
- Gitlab Enhances Investor Communication Across Platforms
- GTLB Earnings: Gitlab Slips despite Solid Q1 Results and Guidance
- Options Volatility and Implied Earnings Moves Today, June 03, 2024
- Options Volatility and Implied Earnings Moves This Week, June 03 – June 06, 2024
- Is GTLB a Buy, Before Earnings?
Questions or Comments about the article? Write to editor@tipranks.com