(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Monday’s early analyst chatter revolved around tech and consumer stocks. Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. Meanwhile, Citi upgraded HP Inc. on reduced costs and an improving PC market outlook. Check out the latest calls and chatter below. 6:23 a.m. ET: BTIG initiates GitLab, forecasts more than 25% upside BTIG is growing bullish on GitLab thanks to a product price increase earlier this year and partnerships with tech behemoths. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. BTIG’s forecast implies more than 25% upside from Friday’s close. “In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market,” analyst Gray Powell said. “The company’s product capabilities received high marks across multiple categories in our independent fieldwork.” BTIG added that the bullish outlook is aided by potential partnerships with cloud services companies including Google and Amazon Web Services as the company grows. GitLab shares have rallied more than 55% over the past six months. For the year, however, they are down 1.8%. — Brian Evans 5:53 a.m. ET: Bernstein upgrades TripAdvisor on broadening revenue sources Bernstein said some key headwinds including concerns over meta-search hurting TripAdvisor have abated, clearing a path for the stock to go higher from here. The firm upgraded the online booking stock to outperform from market perform in a Monday note, and increased its price target to $21.40 from $14.80. Bernstein’s price target implies more than 23% upside from Friday’s close. TripAdvisor shares were up more than 1% in the premarket. The stock has also rallied more than 17% in November on the back of stronger-than-expected third-quarter results. TRIP mountain 2023-10-31 TRIP in November “Our key concern on TripAdvisor was that metasearch would be a material deleveraging drag on the business, and it would be a race against time to fund the growth of Viator,” analyst Richard Clarke said. “Q3 changes that view – revenues ex-experiences/ dining declined just 1% YoY vs -4% in Q2 with metasearch’s decline offset by strength in display marketing (up 15% YoY) and B2B – managements plan to make more money from more sources is working.” — Brian Evans 5:43 a.m. ET: Citi upgrades HP Inc., sees nearly 20% upside Citi raised its rating on HP Inc. to buy from neutral Monday, hiking its price target to $33 per share from $31. “Our Buy thesis is predicated on: 1) continued improvements in PC ecosystem with inventory digestion completed, with potential for AI on PCs to drive higher revenue growth in outer years; 2) significant cost-takeout which we believe is supportive of margins and earnings recovery ahead; and 3) undemanding valuations and potential for higher FCF generation to drive higher buybacks,” wrote analyst Asiya Merchant. HP Inc shares have rallied more than 7% in the fourth quarter, but they’ve fallen 15% over the past three months. HPQ 3M mountain HPQ in past 3 months 5:43 a.m. ET: Jefferies initiates Colgate-Palmolive as buy, sees 15% upside Jefferies thinks Colgate-Palmolive will have no difficulty outpacing peers. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Jefferies’ forecast implies 15% upside from Friday’s close. Analyst Kaumil Gajrawala said the company’s market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth. “Green shoots from years of reinvestments are starting to show (org sales +6% LTM, vs. 1-2% from 15′-18′), with solid flow through expected as macro pressures wane,’ Gajrawala said. “We think these results are sustainable and draw a parallel to P & G’s successful transformation.” — Brian Evans