GitLab Stock's AI-Powered Reversal Hosted by Laycee KluinDecember 11, 2023 ShareLink copied to clipboard. Play video for GitLab Stock's AI-Powered ReversalDetailsGuestsGitLab NASDAQ: GTLB was already a Most Upgraded Stock on the Marketbeat platform going into its Q3 results, which is unlikely to change soon. What is likely to change is the trend in the consensus price target. The consensus price target has been trimmed over the past few months, coming down to about +5% ahead of the earnings release as analysts tempered expectations. Because the earnings release included top and bottom line strength, improved guidance and unexpected profitability several quarters sooner than expected, price targets will likely start getting lifted and lead the market higher. Until then, GTLB shares are up 13% following the release, trading in alignment with the consensus target and on the brink of completing a full reversal. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioGTLBGitLab3.5835 of 5 stars$46.28+2.5%N/A462.80 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube From Our PartnersTrump’s New Order Could Boost Social Security Benefits by 400%If you collect—or plan to collect—Social Security, you need to see this. A new initiative tied to President...InvestorPlace | SponsoredTrump’s Exec Order #14154 could be a “Millionaire-Maker”Former Presidential Advisor, Jim Rickards, says Trump could “rewire our economy and hand millions of Americans...Paradigm Press | SponsoredPost-Halving = Profit Season (Here’s How to Win It)It happens like clockwork. 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Hosted by Laycee KluinDecember 11, 2023 ShareLink copied to clipboard. Play video for GitLab Stock's AI-Powered ReversalDetailsGuestsGitLab NASDAQ: GTLB was already a Most Upgraded Stock on the Marketbeat platform going into its Q3 results, which is unlikely to change soon. What is likely to change is the trend in the consensus price target. The consensus price target has been trimmed over the past few months, coming down to about +5% ahead of the earnings release as analysts tempered expectations. Because the earnings release included top and bottom line strength, improved guidance and unexpected profitability several quarters sooner than expected, price targets will likely start getting lifted and lead the market higher. Until then, GTLB shares are up 13% following the release, trading in alignment with the consensus target and on the brink of completing a full reversal. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioGTLBGitLab3.5835 of 5 stars$46.28+2.5%N/A462.80 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube From Our PartnersTrump’s New Order Could Boost Social Security Benefits by 400%If you collect—or plan to collect—Social Security, you need to see this. A new initiative tied to President...InvestorPlace | SponsoredTrump’s Exec Order #14154 could be a “Millionaire-Maker”Former Presidential Advisor, Jim Rickards, says Trump could “rewire our economy and hand millions of Americans...Paradigm Press | SponsoredPost-Halving = Profit Season (Here’s How to Win It)It happens like clockwork. Every four years, the crypto market enters a new phase — and for those who know how...Crypto Swap Profits | SponsoredElon’s NEXT Big IPO?Cancel your internet TODAY!? Take your latest internet bill and light it on fire… then count the seconds it...Banyan Hill Publishing | SponsoredWhite House to reset Social Security?Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...Altimetry | SponsoredEveryone’s watching Nvidia right now. Here’s why I’m excited.So, unless you’ve been living under a rock, you probably saw the news… Nvidia just signed a $7 BILLION deal...Timothy Sykes | Sponsored
