DA Davidson analyst Gil Luria raised the firm’s price target on GitLab to $75 from $60 and keeps a Neutral rating on the shares. The firm is refreshing its outlook on GitLab’s positioning in the DevOps space for 2024 and updating its developer activity tracker for the company, noting that GitLab has executed well in recent quarters and is setup to benefit from the impacts of GenAI on the DevOps space, the analyst tells investors in a research note. DA Dadidson further cites upside to GitLab revenue from its new GitLab Duo Add-on and Premium price increases.
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