TD Cowen Raises $GTLB Price Target to $55 on AI Tailwinds, Maintains Hold Rating

TD Cowen has raised its price target on GitLab ($GTLB) to $55 from $42 while maintaining a Hold rating on the shares.
The firm pointed to artificial intelligence tailwinds, stabilizing seat growth, and new consumption monetization methods as drivers behind the adjustment. However, analysts noted that they want to see more definitive proof that the current momentum is durable before turning more bullish.