Piper Sandler Lowers Rating on GitLab After Soft F27 Guidance; Shares Slip
Piper Sandler downgraded GitLab from Overweight to Neutral and reduced its price target from $55 to $28 following the company's cautious fiscal 2027 guidance. The brokerage flagged that management’s emphasis on stabilizing results while expanding sales spending and investing in AI could keep near-term fundamentals under pressure. GitLab shares fell…