TD Cowen raised the firm’s price target on GitLab to $63 from $58 and keeps a Buy rating on the shares. The firm said they reported strong Q2 results and think strong 2Q execution, bullish demand indicators, and emerging AI tailwinds put the company back in position for a stronger investment narrative, and they see the company as one of a handful of companies that could reach ~30%+ growth this year.
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>>
Read More on GTLB: