Mizuho analyst Gregg Moskowitz raised the firm’s price target on GitLab to $51 from $45 and keeps a Neutral rating on the shares. The company reported a “good” Q2 report and management noted that customer spending activity appears to be stabilizing, the analyst tells investors in a research note. The firm, however, continues to have concerns that GitLab’s upside drivers over the near-term may be limited.
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