Needham Sees GitLab Increasingly Becoming Center Of Gravity For Organizational Software Innovation

Needham  analyst Mike Cikos initiated coverage on  GitLab Inc  (NASDAQ: GTLB ) with a Buy rating with a price target of $70 (21% upside). GitLab delivers a single application to drive cross-function collaboration and improve customer efficiencies for Application Development processes, Cikos noted.  He believes GitLab is increasingly becoming the center of gravity for organizations' software innovation, where GitLab's DevOps Platform benefits from its dual-flywheel development strategy.  Notably, the company's more than $40 billion TAM is ... Full story available on Benzinga.com