BofA analyst Koji Ikeda raised the firm’s price target on GitLab to $62 from $60 and keeps a Buy rating on the shares after the company reported total revenue and operating margin above the firm’s and Street estimates for fiscal Q2 and raised FY24 total revenue and operating income guidance by more than the Q2 beats. The firm raised its estimates to account for the Q2 results and guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GTLB:
- Gitlab (NASDAQ:GTLB) Stock: Analysts Remain Bullish Following Strong Q2 Results
- GitLab Chief Financial Officer Brian Robins to Present at the Piper Sandler Growth Frontiers Conference
- GitLab (NASDAQ:GTLB) Gains on Q2 Beat
- GitLab price target raised to $65 from $60 at Barclays
- GitLab jumps 7% to $53.30 after Q2 earnings beat, FY24 guidance raise