Raymond James analyst Adam Tindle upgraded GitLab to Outperform from Market Perform with a $70 price target. The analyst believes GitLab’s growth rate should approach or exceed 30% year-over-year as fiscal 2025 progresses. The firm says the company’s core end market is one of the more attractive secular growth industries in software. It sees a “beat and raise story” for fiscal 2025 and 20% upside in the shares.
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