Piper Sandler Upgrades GitLab, Sees 45 Percent Upside

Piper Sandler Upgrades GitLab, Sees 45 Percent Upside
A stock photo containing Gitlab logo. Pankaj Patel/Unsplash
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Piper Sandler analyst Rob Owens upgraded GitLab Inc. to Overweight from Neutral with an unchanged price target of $100, suggesting a 45.2 percent upside.

Many of the demand drivers that positively impacted cybersecurity spending in 2021 remain in play as we enter 2022, Owens tells investors in a research note.