RBC Capital analyst Matthew Hedberg upgraded GitLab Inc. to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35 percent upside. The analyst cites the stock’s “more reasonable valuation” after a pullback in price. Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps market, as its platform approach allows developers, security experts, and business operation professionals to build and deploy secure applications at a rapid pace. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.