BTIG hikes PT on GitLab, citing software market trends
31/08/2026 12:03
BUZZ-BTIG hikes PT on GitLab, citing software market trends ** BTIG lifts price target on software development firm GitLab GTLB.O; maintains rating at "buy"
** Brokerage hikes PT to $52 from $36, implying an almost 16% upside to stock's last close
** Says increased demand for agentic AI will help the co in Q2
** Brokerage says rising prices and frequent crashes faced by main rival Github will make it easier for GTLB to win over new customers and boost investor confidence
** 8 of 28 brokerages rate the stock "buy" or above, 19 "hold", 1 "sell" - data compiled by LSEG
** As of last close, stock has risen nearly 20% YTD
(Reporting by Miraanta Lowrance in Bengaluru)