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GTLB Oct 2024 58.000 put
- Benzinga
GitLab Sees Surge in 'Ultimate' Adoption and Enterprise Demand, Analyst Upgrades Stock
GitLab Inc (NASDAQ:GTLB) stock gained after Needham analyst Mike Cikos upgraded the stock from Hold to Buy with a $70 price target. Cikos noted that GitLab has expanded its product offerings, with Ultimate gaining traction due to innovations like Duo Pro Enterprise and Dedicated. The analyst expects increased adoption of Ultimate compared to Premium, driven by stronger Enterprise sales and GitLab’s compliance and security features, which large organizations value. Also Read: GitLab Stock Climbs
- StockStory
Why Are GitLab (GTLB) Shares Soaring Today
Shares of software development tools maker GitLab (NASDAQ:GTLB) jumped 6.2% in the morning session after Morgan Stanley analyst initiated coverage on the stock with an Overweight (Buy) rating and a $70 price target. The price target implied more than a 30% upside from where shares traded when the coverage was initiated.
