BTIG hikes PT on GitLab, citing software market trends
GTLB•Analyst sentiment and stock performance
8 of 28 brokerages rate the stock buy or above, 19 rate it hold, and 1 rates it sell, according to data compiled by LSEG.
As of the last close, the stock has risen nearly 20% year to date.
AI demand and rival issues cited as support
BTIG says increased demand for agentic AI will help the company in Q2.
The brokerage also says rising prices and frequent crashes faced by main rival GitHub will make it easier for GitLab to win over new customers and boost investor confidence.
BTIG raises GitLab price target and keeps buy rating
BTIG lifts its price target on software development firm GitLab GTLB.O and maintains its rating at buy.
The brokerage hikes its price target to $52 from $36, implying an almost 16% upside to the stock's last close.
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