Updates
** Software development platform GitLab GTLB.O falls 7.3% to $44.97 after beating Q1 revenue estimates
** J.P.Morgan says revenue beat was lowest in co's history; cuts PT to $52 from $58
** Co Q1 revenue $214.5 mln vs $213.2 mln estimates - data compiled by LSEG
** At least 14 brokerages cut PT
** GTLB faces challenges with talent, and competition from rivals like Agentic AI - JPM
** RBC cuts PT to $62 from $68
** Management did not call out macros, but it'll remain a question for investors with peers mentioning increased macro pressures - RBC
** 26 of 29 analysts rate stock "buy" or higher, three "hold"; median PT is $67 - data compiled by LSEG
** YTD, GTLB down 13.9%
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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