GitLab Inc. (Nasdaq: GTLB) announced its financial results for the first quarter of fiscal 2024, reporting a loss of $0.06 per share. This figure was better than expected, surpassing the consensus estimate of a loss of $0.14 per share.

Looking forward to the second quarter of fiscal 2024, GitLab expects a Non-GAAP net loss per share ranging from $0.03 to $0.02. This projection is more favorable than the consensus forecast of a loss of $0.08 per share for the period.

In after-hours trading, $GTLB showed a significant upward movement of $7.17 (+20.25%), reaching $42.57.

Rambus Inc. (Nasdaq: RMBS) received an increased price target from Wells Fargo, raising it from $55 to $70. 

With a closing price of $63.22 on Monday, this new price target implies a potential upside of $6.78 (+10.73%) for $RMBS, based on Wells Fargo's view.

Meta Platforms, Inc. (Nasdaq: META) saw its price target raised by Oppenheimer from $285 to $350. 

Despite closing at $271.39 on Monday, this revised price target suggests a potential upside of $78.61 (+28.96%) for $META, according to Oppenheimer's analysis.

Spotify Technology S.A. (NYSE: SPOT) had its price target increased by Baird, raising it from $160 to $175. 

Although the closing price on Monday was $156.34, the new price target implies a potential upside of $18.66 (+11.93%) for $SPOT, based on Baird's perspective.

Balchem Corporation (Nasdaq: BCPC) received a higher price target of $150 from HC Wainwright & Co., up from the previous target of $140. 

Despite $BCPC closing at $129.13 on Monday, this revised price target indicates a potential upside of $20.87 (+16.14%) as per HC Wainwright & Co.'s assessment.

These potential upsides are based on the views and analysis of Wells Fargo, Oppenheimer, Baird, and HC Wainwright & Co., respectively, and reflect their optimistic outlook for the future performance of these companies' stocks. Investors should consider these projections within the broader context of their own investment strategies and conduct further research before making any investment decisions.

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