GitLab Sees Surge in ‘Ultimate’ Adoption and Enterprise Demand, Analyst Upgrades Stock

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GitLab Inc (NASDAQ:GTLB) stock gained after Needham analyst Mike Cikos upgraded the stock from Hold to Buy with a $70 price target. Cikos noted that GitLab has expanded its product offerings, with Ultimate gaining traction due to innovations like Duo Pro Enterprise and Dedicated.

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