GitLab's Growth Holds Steady, But Analyst Lowers Price Forecast On Cautious Outlook

1. JP Morgan maintains Neutral rating, lowering GTLB price target from $65 to $62. 2. GTLB reported earnings of 33 cents, exceeding estimates of 23 cents per share. 3. Revenue of $211.43 million also exceeded expectations of $206.12 million. 4. First-quarter guidance forecasts adjusted earnings of 14-15 cents per share. 5. Public sector business constitutes 12% of GTLB's annual recurring revenue.