Wall Street Firms Cautious on GitLab Inc. (GTLB) Despite Robust Q3 Revenue Growth

Gitlab Inc (NASDAQ:GTLB) is one of the best beaten down stocks to invest in according to analysts. On December 16, BTIG began coverage of Gitlab Inc (NASDAQ:GTLB) with a Buy rating and a $52 target. On December 3, Morgan Stanley reiterated an Overweight rating on the stock but cut the price target to $55 from $60. In contrast, Macquarie downgraded the stock to Neutral from Outperform and cut the price target to $40 from $70, concerned that the company has yet to show a clear path to reaccelerating growth. ...