Truist Financial analyst Miller Jump maintained a Hold rating on Gitlab yesterday and set a price target of $30.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Jump covers the Technology sector, focusing on stocks such as ServiceNow, Dynatrace, and Atlassian. According to TipRanks, Jump has an average return of 13.2% and a 54.62% success rate on recommended stocks.
In addition to Truist Financial, Gitlab also received a Hold from UBS’s Radi Sultan in a report issued on July 10. However, on July 8, Robert W. Baird maintained a Buy rating on Gitlab (NASDAQ: GTLB).
Based on Gitlab’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $264.16 million and a GAAP net loss of $4.97 million. In comparison, last year the company earned a revenue of $214.51 million and had a GAAP net loss of $35.88 million
