Mizuho analyst Gregg Moskowitz downgraded GitLab (GTLB) to Neutral from Outperform with an unchanged price target of $52. The firm says concerns around the impact of artificial intelligence coding assistants remain an overhang on the stock . Mizuho sees “persistent uncertainty” around whether AI will erode GitLab’s “developer-heavy” seat-based model. In addition, the company faces rising competitive pressure as GitHub and AI-native startups likely continue to outpace GitLab adoption, the analyst tells investors in a research note.
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