GitLab Shares Pop as Analysts See Sharp Upside Post Q4

GitLab Shares Pop as Analysts See Sharp Upside Post Q4
The Gitlab logo is seen in a stock image. Pankaj Patel/Unsplash
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Analysts painted sharp upside to GitLab Inc. post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations.

Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2 percent upside) and kept a Buy, citing the change in discount rate assumptions since the IPO.