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Research Alert: CFRA Downgrades Opinion On Shares Of Gitlab Inc. To Hold From Buy
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CFRA downgraded Gitlab Inc.'s stock from Buy to Hold, reducing the target price to $41 due to a projected sales slowdown. Despite beating Q3 consensus and raising full-year revenue guidance, Gitlab's Q4 outlook suggests a 19% growth deceleration. Factors include SMB weakness and public sector disruptions. EPS forecasts for FY 26 and FY 27 were raised, but ongoing changes and leadership hiring may delay results. Duo Agent monetization impact is expected in several quarters.
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