GitLab price target lowered to $72 from $80 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on GitLab (GTLB) to $72 from $80 and keeps an Outperform rating on the shares. The company reported another good quarter but the initial fiscal 2026 revenue guidance is slightly below consensus, the analyst tells investors in a research note. The firm views the outlook as “sufficiently conservative” and remain confidents in GitLab’s ability to execute and grow at a “high level.”