GitLab (GTLB) Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GTLB shares.
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20 brokerages have issued 1 year price targets for GitLab's stock. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they expect the company's share price to reach $59.59 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price.
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GitLab's stock was trading at $45.44 at the beginning of the year. Since then, GTLB stock has decreased by 4.8% and is now trading at $43.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 4th 2023.
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GitLab Inc. (NASDAQ:GTLB) announced its quarterly earnings results on Tuesday, September, 5th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. The company earned $139.58 million during the quarter, compared to analyst estimates of $129.81 million. GitLab had a negative net margin of 37.77% and a negative trailing twelve-month return on equity of 21.02%. The company's revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS.

ETFs with the largest weight of GitLab (NASDAQ:GTLB) stock in their portfolio include Spear Alpha ETF (SPRX), Harbor Corporate Culture Leaders ETF (HAPY), Wedbush ETFMG Global Cloud Technology ETF (IVES), Fidelity Cloud Computing ETF (FCLD), WisdomTree Cloud Computing Fund (WCLD), ALPS O'Shares Global Internet Giants ETF (OGIG), First Trust US Equity Opportunities ETF (FPX) and Gen Z ETF (ZGEN).

GitLab issued an update on its FY 2024 earnings guidance on Friday, September, 15th. The company provided EPS guidance of -$0.08--$0.05 for the period, compared to the consensus estimate of -$0.14. The company issued revenue guidance of $555.00 million-$557.00 million, compared to the consensus revenue estimate of $542.81 million.

(GTLB) raised $598 million in an IPO on Thursday, October 14th 2021. The company issued 10,400,000 shares at $55.00-$60.00 per share.

GitLab trades on the NASDAQ under the ticker symbol "GTLB."

GitLab's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ICONIQ Capital LLC (5.09%), HMI Capital Management L.P. (4.85%), Capital Research Global Investors (3.13%), BlackRock Inc. (1.88%), Alphabet Inc. (1.73%) and Franklin Resources Inc. (1.70%). Insiders that own company stock include 2021 Gp LLC Gv, August Capital Management Vii,, Brian G Robins, Crossover Managemen Technology, Dale R Brown, Divesh Makan, Howard Hartenbaum, Iconiq Strategic Partners Iii,, Iconiq Strategic Partners Iv,, Iconiq Strategic Partners Vi,, Matthew Jacobson, Michael Eugene Mcbride, Susan L Bostrom and Sytse Sijbrandij.
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Shares of GTLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTLB stock can currently be purchased for approximately $43.25.

GitLab (NASDAQ:GTLB) has a market capitalization of $6.69 billion and generates $424.34 million in revenue each year. The company earns $-172,310,000.00 in net income (profit) each year or ($1.27) on an earnings per share basis.

The company employs 2,170 workers across the globe.

The official website for the company is about.gitlab.com. The company can be reached via phone at 415-829-2854 or via email at ir@gitlab.com.