GitLab (GTLB) Stock

TipRanks' analyst ranking service showcases the top-performing stocks on Wall Street, such as GitLab and MongoDB.

Gitlab (GTLB) could see an increase in value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

Wall Street analysts have set an average price target for Gitlab (GTLB) that suggests it could rise by 27.4%. Although the reliability of this popular measure is debatable, the recent positive changes in earnings estimates could lead to an increase in the stock's value.

I still recommend buying GitLab stock, now with a new price target of around $92. In the most recent quarter, GTLB's revenue increased by 31% year-over-year to $196 million, and they have improved their EBIT margin while raising their revenue forecast for FY25. Positive signs include a 48.1% year-over-year rise in RPO and a strong uptake of the Ultimate subscription tier, especially in the public sector.

GitLab is doing very well, showing strong performance and growth, but its high valuation makes me hesitant to invest right now. The results for Q3 were impressive, with a 31% year-over-year revenue increase and improved forecasts, even though there was a small decline in the Dollar-Based Net Retention Rate. The new CEO, Bill Staples, has important experience, and the focus on AI integration is boosting GitLab's competitive advantage.

GitLab Inc. provides a unique AI-driven DevSecOps platform, achieving a revenue growth of 30.9% and an operating margin of 13.2%, with a "Buy" recommendation and a target price of $85. Its key features include AI-supported workflows, quick innovation from open-source contributions, and partnerships with major cloud companies like AWS and Alphabet. The GitLab Ultimate product is expected to increase bookings and annual recurring revenue, with a forecasted 30% revenue growth for FY25 and steady margin improvement.

GitLab, a well-known platform for developers and security, has appointed Bill Staples as its new CEO, starting right away.

GitLab Inc. (NASDAQ:GTLB) will hold its Q3 2025 Earnings Conference Call on December 5, 2024, at 4:30 PM ET. The call will feature company representatives, including Kelsey Turcotte, Sid Sijbrandij, Brian Robins, and Bill Staples, along with participants from various financial institutions. Currently, all attendees are in listen-only mode.

GitLab Inc. (GTLB) reported quarterly earnings of $0.23 per share, which is higher than the Zacks Consensus Estimate of $0.16 per share. This is an increase compared to earnings of $0.09 per share from the same period last year.