Movement Alert｜GitLab, Inc. Falls 5.42% in After-Hours Trading, Shares Pull Back After BofA Raised Price Target

Market Focus10-29 04:53

On October 29, GitLab, Inc. fell 5.42% in After-Hours Trading, with shares trading near $55.24 and turnover of $7.98 million.

The most relevant recent catalyst in publicly available information was BofA Securities raising its price target on GitLab, Inc. to $64 from $54, although the stock still carried an average analyst rating of hold and a mean price target of about $52.91.

As supporting context, GitLab, Inc. last reported quarterly revenue of $286.3 million, up 21% year over year, with adjusted EPS of $0.24 ahead of expectations, and it also raised full-year revenue and adjusted earnings guidance. Even so, the latest after-hours fall suggests the target-price increase alone had limited support for further upside at this level.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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