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JP Morgan analyst Pinjalim Bora reiterated the Neutral rating on GitLab Inc. (NASDAQ:GTLB), lowering the price forecast to $62 from $65.
Yesterday, the company reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 23 cents. Quarterly revenue came in at $211.43 million, which beat the analyst consensus estimate of $206.12 million.
GitLab sees first-quarter adjusted earnings of between 14 cents and 15 cents per share, and revenue in a range of $212 million to $213 million.
Bora acknowledges that the fourth quarter was a strong quarter for bookings, with several …
