GitLab Inc (GTLB) PT Raised to $45 at DA Davidson

DA Davidson analyst Lucky Schreiner raised the price target on GitLab Inc (NASDAQ: GTLB) to $45.00 (from $35.00) while maintaining a Neutral rating.

The analyst commented, "GTLB recovered YTD losses rapidly since the end of June and share are now up ~24% YTD compared to the IGV up 6% as software sentiment turns positive and GTLB's consumption run rate trends well. Expectations for 2Q27 results (reporting on 9/1 after the close) are likely elevated given the acceleration of growth from other infrastructure software players. We see upside from better than expected public sector demand and DAP adoption. With GTLB navigating a new monetization model and expectations for growth decelerating we maintain our NEUTRAL rating."

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