Analysts painted sharp upside to GitLab Inc. post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations. Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2 percent upside) and kept a Buy, citing the change in discount rate assumptions since the IPO. KeyBanc analyst Michael Turits lowered the PT to $50 from $115 (51.1 percent upside) given a reduction in peer valuations while keeping Overweight following robust results and outlook driven by customer adds and an over 152 percent DBNRR. Turits continues to see GitLab as the leading and broadest independent DevSecOps platform. BofA analyst Koji Ikeda, who has a Buy rating, lowered the PT to $65 from $105 (96.4 percent upside), citing multiple compression as GitLab’s lock-up on employees selling shares that expired on April 12, which could create a “near-term overhang.”. The DevOps ecosystem is currently fragmented, but GitLab’s core SCM applications position the business …