GitLab Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
GitLab Inc. (NASDAQ:GTLB) is set to release its first-quarter financial results, with analysts expecting a quarterly loss of 4 cents per share and revenue of $165.89 million. The company recently acquired Oxeye, a cloud-native application security provider. GitLab shares fell 2.7% to $47.21. Analysts have revised their price targets, with most maintaining a Buy or Outperform rating.
June 03, 2024 | 12:31 pm
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GitLab is set to release its Q1 financial results, with analysts expecting a smaller loss compared to last year and revenue of $165.89 million. The company recently acquired Oxeye, which could enhance its security offerings. Despite a recent 2.7% drop in share price, analysts maintain positive ratings but have revised price targets.
The upcoming earnings report and recent acquisition of Oxeye are significant events for GitLab. Analysts' positive ratings, despite revised price targets, indicate confidence in the company's future performance. The recent drop in share price may present a buying opportunity if the earnings report meets or exceeds expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100