Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

GitLab Shares Gain After JPMorgan Upgrade, Thanks To Microsoft & ServiceNow

Microsoft NOW GitLab ServiceNow JPMorgan GTLB Nasdaq GitLab Inc Microsoft Corp NYSE

JPMorgan analyst Sterling Auty upgraded GitLab Inc (NASDAQ:GTLB) to Overweight from Neutral with an unchanged price target of $99, suggesting an upside of 62%.
The analyst calls the company a "Growth All-Star" with a current valuation of less than 18-times 2022 revenue.
The results from Microsoft Corp (NASDAQ:MSFT) and ServiceNow Inc (NYSE:NOW) validate that the fundamentals in software continue to be very good, Auty tells investors in a research note.
Related Content: Why Microsoft Shares Are Trading Higher Today
ServiceNow Reports Fourth Quarter and Full-Year 2021 Financial Results
After the bear market, the subsequent 12 months will see software stocks beating and raising on revenue outperform, and GitLab will be one of those companies, says the analyst.
Price Action: GTLB shares traded higher by 5.91% at $61.16 on the last check Thursday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Iran criticises EU shipping sanctions, denies sending missiles to Russia

Iran criticises EU shipping sanctions, denies sending missiles to Russia

Tehran says the European sanctions undermine Iranians’ fundamental rights by targeting airlines and shipping.

Update expected in Trump hush-money case as post-election filing due

Update expected in Trump hush-money case as post-election filing due

New York judge delayed ruling on immunity bid and gave prosecutors until 19 November to indicate next steps

The Guardian - US

Greens to ask Senate to vote to jettison anti-abortion bill in bid to split Coalition on issue

Greens to ask Senate to vote to jettison anti-abortion bill in bid to split Coalition on issue

Senator Larissa Waters plans to move motion to discharge abortion bill sponsored by Matt Canavan and Alex Antic

The Guardian - AU

Trial Begins For Men Accused In Deadly Human Smuggling

Trial Begins For Men Accused In Deadly Human Smuggling

Trial of two men accused of fatal human smuggling scheme involving Indian migrants at the Canada-U.S. border.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Acquitted 'Hong Kong 47' Defendant Sees Freedom As Responsibility

As the massive trial of the "Hong Kong 47" democracy campaigners ended on Tuesday, an acquitted member of the group watched from the sidelines and felt the weight of his freedom upon him.

International Business Times

Survivor of deadly trip across Canada-US border expected to testify in human smuggling trial

Survivor of deadly trip across Canada-US border expected to testify in human smuggling trial

An Indian migrant who survived a deadly trek across the Canada-U.S. border in blizzard conditions is expected to testify in the federal trial of two men accused of human smuggling

The Independent UK

Related Stories

Top stories on inkl right now

Iran criticises EU shipping sanctions, denies sending missiles to Russia

Iran criticises EU shipping sanctions, denies sending missiles to Russia

Tehran says the European sanctions undermine Iranians’ fundamental rights by targeting airlines and shipping.

Update expected in Trump hush-money case as post-election filing due

Update expected in Trump hush-money case as post-election filing due

New York judge delayed ruling on immunity bid and gave prosecutors until 19 November to indicate next steps

The Guardian - US

Greens to ask Senate to vote to jettison anti-abortion bill in bid to split Coalition on issue

Greens to ask Senate to vote to jettison anti-abortion bill in bid to split Coalition on issue

Senator Larissa Waters plans to move motion to discharge abortion bill sponsored by Matt Canavan and Alex Antic

The Guardian - AU

Trial Begins For Men Accused In Deadly Human Smuggling

Trial Begins For Men Accused In Deadly Human Smuggling

Trial of two men accused of fatal human smuggling scheme involving Indian migrants at the Canada-U.S. border.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Acquitted 'Hong Kong 47' Defendant Sees Freedom As Responsibility

As the massive trial of the "Hong Kong 47" democracy campaigners ended on Tuesday, an acquitted member of the group watched from the sidelines and felt the weight of his freedom upon him.

International Business Times

Survivor of deadly trip across Canada-US border expected to testify in human smuggling trial

Survivor of deadly trip across Canada-US border expected to testify in human smuggling trial

An Indian migrant who survived a deadly trek across the Canada-U.S. border in blizzard conditions is expected to testify in the federal trial of two men accused of human smuggling

The Independent UK

Our Picks

‘We’re humanizing Manson’: docuseries adds depth to a notorious criminal

The makers of Making Manson have found a wealth of new audio footage that adds texture to an infamous figure without absolving him of his terrible crimes

The Guardian - US

Man Inherits $5 Bill From Grandmother, Gets Shocked When Offered $400K For It: Here's Why It's Valuable

A man inherited a $5 bill from his grandmother with a printing error. Experts believe it could be worth hundreds of thousands of dollars.

International Business Times UK

Cher discovered she was trapped in ‘involuntary servitude’ to husband Sonny Bono: ‘Then it got worse’

Pop legend says she has racked her brain ‘for years’ to try and understand her ex-husband’s actions

The Independent UK

Nicole Kidman Finally Explained That Viral Tom Cruise Divorce Photo

Two decades on, we get answers

Marie Claire - AU

Nicole Kidman Gets Candid About Waking Up "Crying and Gasping" in the Middle of the Night

"It hits you as you get older."

YouTuber Rosanna Pansino smokes her father’s ashes to honor his dying wish

The baking series host lost her father five years ago to leukemia

The Independent UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play