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GitLab's stock drops after Goldman Sachs downgrades it to "Neutral," despite beating Q1 estimates.
GitLab's stock fell after reporting mixed first-quarter results.
Despite beating revenue and earnings estimates, the company's second-quarter forecast fell short of expectations, leading to a downgrade by Goldman Sachs to a "Neutral" rating with a $50.00 price target.
This follows a 27% year-over-year revenue increase to $214.51 million.
Investors are cautious about GitLab's outlook in the current economic environment.
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Las acciones de GitLab caen después de que Goldman Sachs la rebaje a "Neutral", a pesar de superar las estimaciones del primer trimestre.