Reported about 6 hours ago
Scotiabank has reduced its price target for GitLab Inc. (NASDAQ:GTLB) from $80 to $67 ahead of the company's Q1 FY2026 earnings release, while maintaining an Outperform rating. Despite noting steady internal reviews and some market challenges, Scotiabank believes the stock is fairly priced. GitLab is set to announce its Q1 results on June 10, with revenue guidance of $212-$213 million and an expected full-year revenue between $936 and $942 million.
Source: YAHOO