GitLab Is A Gen AI Beneficiary With Growth Upside, Says Bullish Analyst: Here's Why
Portfolio Pulse from Priya Nigam
GitLab Inc (NASDAQ:GTLB) reported upbeat Q4 results but faced mixed 2025 outlook pressures. KeyBanc Capital Markets views GitLab as a key beneficiary of the DevSecOps platform expansion, with a total addressable market over $120 billion. Analyst Jason Celino maintains an Overweight rating with a $70 price target, citing potential for growth acceleration driven by gen AI and GitLab Duo. GitLab's shares slightly rose to $55.29.
March 19, 2024 | 8:14 pm
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GitLab Inc reported strong Q4 results and is positioned for growth in the DevSecOps market, with gen AI and GitLab Duo as key drivers. Analyst maintains Overweight rating and $70 price target.
The positive Q4 results and the bullish outlook from KeyBanc Capital Markets, emphasizing GitLab's potential in the DevSecOps market and gen AI, suggest a strong growth trajectory. The reaffirmation of the Overweight rating and $70 price target by analyst Jason Celino further supports the potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100