GitLab (GTLB) Stock Forecast & Price Target

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$53.51

-0.35 (-0.65%)

(As of 04/17/2024 ET)

GitLab Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 23 Analyst Ratings

Analysts' Consensus Price Target

$70.73
32.18% Upside

High Forecast	$85.00
Average Forecast	$70.73
Low Forecast	$55.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	17 Buy rating(s)	17 Buy rating(s)	10 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$70.73	$69.05	$62.45	$55.88
Predicted Upside	32.18% Upside	13.32% Upside	17.70% Upside	35.40% Upside

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GTLB Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GTLB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

GitLab Stock vs. The Competition

Type	GitLab	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.87	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	32.18% Upside	114.61% Upside	12.24% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/12/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$70.00	+20.46%
4/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$70.00	+19.45%
4/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$80.00	+36.57%
3/22/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$72.00	+20.26%
3/19/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$70.00	+26.72%
3/6/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$75.00	+27.46%
Get the Latest News and Ratings for GTLB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for GitLab and its competitors with MarketBeat's FREE daily newsletter.
3/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$74.00 ➝ $80.00	+34.77%
3/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$80.00 ➝ $76.00	+22.44%
3/5/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$81.00 ➝ $75.00	+20.83%
3/5/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$75.00 ➝ $65.00	+4.72%
3/5/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$74.00	-0.63%
3/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$88.00 ➝ $85.00	+14.14%
3/5/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$71.00 ➝ $76.00	+2.05%
3/5/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$80.00 ➝ $70.00	-6.00%
3/5/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$87.00 ➝ $75.00	+0.71%
12/6/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$70.00 ➝ $80.00	+31.06%
12/5/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$60.00 ➝ $70.00	+16.94%
12/5/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$48.00 ➝ $55.00	-7.93%
12/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$50.00 ➝ $55.00	+3.91%
11/13/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$56.00	+25.53%
9/6/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
9/6/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$52.00 ➝ $65.00	+25.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:50 AM ET.

GTLB Price Target - Frequently Asked Questions

What is GitLab's consensus rating and price target?: According to the issued ratings of 23 analysts in the last year, the consensus rating for GitLab stock is Moderate Buy based on the current 3 hold ratings and 20 buy ratings for GTLB. The average twelve-month price prediction for GitLab is $70.73 with a high price target of $85.00 and a low price target of $55.00. Learn more on GTLB's analyst rating history.
Do Wall Street analysts like GitLab more than its competitors?: Analysts like GitLab more than other Computer and Technology companies. The consensus rating score for GitLab is 2.87 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how GTLB compares to other companies.
Is GitLab being upgraded by Wall Street analysts?: Over the previous 90 days, GitLab's stock had 2 upgrades by analysts.

Does GitLab's stock price have much upside?: According to analysts, GitLab's stock has a predicted upside of 15.26% based on their 12-month stock forecasts.
What analysts cover GitLab?: GitLab has been rated by Bank of America, Canaccord Genuity Group, Cantor Fitzgerald, Capital One Financial, DA Davidson, KeyCorp, Mizuho, Raymond James, Royal Bank of Canada, Sanford C. Bernstein, TD Cowen, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

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This page (NASDAQ:GTLB) was last updated on 4/18/2024 by MarketBeat.com Staff

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GitLab (GTLB) Stock Forecast & Price Target

GitLab Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

GTLB Analyst Ratings By Month

GTLB Price Targets by Month

GitLab Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

GTLB Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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