Scotiabank lowers GitLab price target to $67; maintains Outperform rating

From Yahoo Finance: 2025-06-09 09:55:00

GitLab Inc. (NASDAQ: GTLB) is a tech stock on Wall Street’s radar. Scotiabank cut its price target to $67 from $80 ahead of Q1 FY2026 earnings, maintaining an Outperform rating. AWS has expanded partnerships with GitLab, integrating GitLab Duo into its offerings. Q1 results expected on June 10 with revenue guidance of $212 – $213 million and full-year revenue between $936 – $942 million. The company provides a platform for software development across multiple cloud environments, offering training and professional services. For potential investment, consider AI stocks with greater upside potential and less downside risk.

Read more: Scotiabank Trims GitLab (GTLB) PT, Maintains Outperform Rating