Raymond James Turns Bullish on GitLab Stock

Raymond James upgraded software stock GitLab Inc (NASDAQ:GTLB) to "outperform" from "market perform" this morning, establishing a price target of $70. The analyst in coverage said that based on their analysis, GitLab's growth rate should "approach or exceed 30% year over year" as fiscal year 2025 progresses. This comes just a few days after Wells Fargo initiated coverage on the stock with an "overweight" rating. At last glance, GTLB was up 1.1% at $58.77, earlier as high as $59.87. The $60 level has provide ...