GitLab (GTLB) Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GitLab in the last twelve months. 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 equities research analysts have issued twelve-month target prices for GitLab's shares. Their GTLB share price forecasts range from $37.00 to $65.00. On average, they anticipate the company's stock price to reach $59.59 in the next year. This suggests a possible upside of 37.4% 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 4.5% and is now trading at $43.38.
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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) issued its 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 business had revenue of $139.58 million for 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 firm's revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the previous year, the company posted ($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 EPS 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 initial public offering (IPO) on Thursday, October 14th 2021. The company issued 10,400,000 shares at a price of $55.00-$60.00 per share.

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

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 $43.38.

GitLab (NASDAQ:GTLB) has a market capitalization of $6.71 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.