GitLab (GTLB) Target Cut to $29 at Morgan Stanley

GitLab Inc. (NASDAQ:GTLB) is among the 10 Best New AI Stocks to Buy.

On March 10, Morgan Stanley analyst Sanjit Singh lowered the firm’s price target on GitLab Inc. (NASDAQ:GTLB) to $29 from $38 while maintaining an Equal Weight rating following fourth-quarter results. The revision reflects a more cautious outlook, incorporating increased investment levels and moderated near-term expectations, though the company continues to demonstrate strength in enterprise adoption.

As of March 4, multiple firms updated their views on GitLab Inc. (NASDAQ:GTLB) following its latest results. Truist Financial lowered its price target to $25 from $35 while maintaining a Hold rating, citing demand-related headwinds and modeling challenges affecting its fiscal 2027 outlook. Meanwhile, RBC Capital Markets reiterated an Outperform rating while reducing its target to $33 from $40, noting that despite softness in the SMB segment, enterprise growth remains strong and customer churn is at its lowest level in four years. These mixed but constructive signals suggest that while near-term growth may face pressure, the company’s core fundamentals remain intact.

GitLab Inc. (NASDAQ:GTLB) provides an AI-powered DevSecOps platform that enables organizations to manage the entire software development lifecycle in a unified environment. By integrating artificial intelligence into development, security, and operations workflows, GitLab helps enterprises improve efficiency and accelerate digital transformation. As demand for AI-enabled software development tools continues to expand, GitLab’s platform and growing enterprise presence position it for meaningful long-term upside. The company held its initial public offering in 2021.

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