GitLab Inc. (NASDAQ:GTLB) gets Buy rating from Guggenheim analyst with $70 price target. Firm sees AI tools boosting demand for software platforms. GitLab’s growth driven by Duo AI suite and Ultimate tier. Paid user base growing double digits, strong gross retention. Concerns about AI coding assistants overblown.

GitLab Inc. develops software for software development lifecycle in the US, Europe, and Asia Pacific. While GTLB has potential, other AI stocks may offer greater upside. Check out a free report on the best short-term AI stock. Explore 10 AI stocks you shouldn’t ignore and 10 trending AI stocks on Wall Street.

Read more at Yahoo Finance: GitLab (GTLB) Analysts Say Fears of AI Replacing Developers Are Overblown