GitLab (NASDAQ:GTLB) Given New $55.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities raised GitLab’s price target to $55 from $43 and maintained a “buy” rating, implying approximately 22% upside from the cited price.
• GitLab exceeded quarterly expectations with $0.24 in EPS versus $0.18 expected and revenue of $286.25 million versus $273.13 million, while revenue grew 21.3% year over year.
• Analyst sentiment remains mixed: GitLab has a consensus “hold” rating and an average price target of $46.68, despite several firms raising targets; the company also remains unprofitable on a net-income basis.

GitLab (NASDAQ:GTLB - Get Free Report) had its price target hoisted by equities researchers at Rosenblatt Securities from $43.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities' target price suggests a potential upside of 21.98% from the company's current price.

GTLB has been the subject of several other reports. Raymond James Financial reissued a "market perform" rating on shares of GitLab in a research report on Tuesday, May 19th. Cantor Fitzgerald raised their price target on shares of GitLab from $35.00 to $50.00 and gave the company a "neutral" rating in a research report on Monday. Sanford C. Bernstein reiterated an "outperform" rating on shares of GitLab in a research note on Monday, June 29th. Barclays reissued an "underweight" rating and set a $47.00 price objective on shares of GitLab in a report on Wednesday. Finally, Needham & Company LLC increased their price objective on GitLab from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, GitLab currently has a consensus rating of "Hold" and an average price target of $46.68.

GitLab Stock Down 3.1%

Shares of GTLB opened at $45.09 on Wednesday. The business's fifty day moving average is $36.06 and its 200 day moving average is $28.83. GitLab has a 12-month low of $18.73 and a 12-month high of $52.38. The stock has a market cap of $7.62 billion, a P/E ratio of -281.81 and a beta of 0.99.

GitLab (NASDAQ:GTLB - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. GitLab had a negative net margin of 2.49% and a positive return on equity of 0.31%. The business had revenue of $286.25 million during the quarter, compared to analyst estimates of $273.13 million. During the same quarter in the previous year, the business posted $0.24 EPS. GitLab's quarterly revenue was up 21.3% on a year-over-year basis. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. On average, analysts expect that GitLab will post -0.18 EPS for the current year.

Insider Buying and Selling at GitLab

In other news, Director Sytse Sijbrandij sold 116,200 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director directly owned 14,902,051 shares of the company's stock, valued at $423,814,330.44. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Simon Mundy sold 8,725 shares of GitLab stock in a transaction on Friday, August 7th. The stock was sold at an average price of $38.00, for a total value of $331,550.00. Following the sale, the chief accounting officer owned 105,332 shares in the company, valued at $4,002,616. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by insiders.

Institutional Trading of GitLab

Large investors have recently added to or reduced their stakes in the stock. Eminence Capital LP raised its position in GitLab by 6.9% in the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company's stock worth $289,065,000 after acquiring an additional 494,497 shares during the period. AQR Capital Management LLC boosted its stake in GitLab by 766.3% in the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company's stock valued at $203,915,000 after acquiring an additional 4,806,163 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of GitLab by 3,090.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,936,335 shares of the company's stock worth $161,688,000 after acquiring an additional 4,781,636 shares during the period. Atreides Management LP raised its stake in GitLab by 867.3% in the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company's stock valued at $177,652,000 after acquiring an additional 3,531,070 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in GitLab by 6,528.0% during the first quarter. SG Americas Securities LLC now owns 3,135,394 shares of the company's stock valued at $67,850,000 after purchasing an additional 3,088,089 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

More GitLab News

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: GitLab reported quarterly earnings of $0.24 per share, exceeding the $0.18 analyst consensus, while revenue reached $286.25 million versus expectations of $273.13 million. Revenue grew 21.3% year over year, providing evidence of continued demand for the company’s DevSecOps platform. GitLab Inc. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company issued fiscal 2027 EPS guidance of $0.85-$0.87, well above the $0.61 consensus, and third-quarter EPS guidance of $0.19-$0.20 versus expectations of $0.12. Revenue guidance was broadly in line with estimates, suggesting that the earnings benefit is being driven primarily by improved profitability. GitLab Rallies After Record Bookings and Strong Guidance
• Positive Sentiment: Management highlighted record bookings and strong AI demand, which reinforced the growth outlook and helped drive the post-earnings rally. GitLab’s Q2 2027 Earnings
• Positive Sentiment: BTIG raised its price target from $36 to $52 and maintained a “buy” rating. Cantor Fitzgerald raised its target to $50, while DA Davidson lifted its target to $45. BTIG Research Forecasts Strong Price Appreciation
• Positive Sentiment: Unusually heavy call-option activity ahead of the earnings release reflected increased bullish speculation, with call volume approximately 210% above its average daily level.
• Neutral Sentiment: Despite the improved outlook, GitLab remains unprofitable on a net-income basis, and its shares are trading well above both their 50-day and 200-day moving averages.
• Negative Sentiment: Barron’s cautioned investors against chasing the rally because the stock had already gained substantially over the prior three months. The elevated valuation and recent momentum increase the risk of profit-taking or disappointment if future results do not exceed the newly raised expectations. GitLab Stock Soars After Earnings

About GitLab

GitLab Inc NASDAQ: GTLB is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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