Beyond The Numbers: 17 Analysts Discuss GitLab Stock
Portfolio Pulse from Benzinga Insights
17 analysts have recently published ratings on GitLab (NASDAQ:GTLB), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $74.41, down 5.7% from the previous $78.91. Key analysts have adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. GitLab's financial health shows strong revenue growth but challenges in profitability and returns.
May 17, 2024 | 2:01 pm
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NEUTRAL IMPACT
GitLab (NASDAQ:GTLB) has received mixed ratings from 17 analysts, with a majority being bullish or somewhat bullish. The average 12-month price target is now $74.41, a 5.7% decrease from the previous target. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. GitLab shows strong revenue growth but faces challenges in profitability and returns.
The mixed analyst ratings and the decrease in the average price target suggest a neutral short-term impact on GitLab's stock price. While the company shows strong revenue growth, challenges in profitability and returns may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100