GitLab Stock Falls on Q3 Results and Q4 Guidance Miss, Rosenblatt Cuts Target to $55

GitLab's Q3 results and Q4 guidance missed analyst expectations, causing shares to fall 13.6%. The company reported earnings of 25 cents per share, beating estimates of 20 cents, but Q4 revenue guidance came in slightly below estimates. Rosenblatt cut its price target to $55 from $58. Analysts have mixed opinions on the performance, with Goldman Sachs reducing its target price to $42 and Cantor Fitzgerald maintaining an overweight rating with a target price of $60.