Streetbeat News

GTLB

GitLab Inc.

https://about.gitlab.com

Industry

Software - Application

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. The company was founded in 2011 and is headquartered in San Francisco, California.

Open

60.23

Mkt cap

9.5B

Volume

3.4M

High

60.65

P/E Ratio

-195.33

52-wk high

78.53

Low

57.87

Div yield

N/A

52-wk low

40.72

Gitlab (GTLB) has been upgraded to a Zacks Rank #2 (Buy) due to growing optimism about its earnings prospects, suggesting potential upward movement in its stock price.

Portfolio Pulse from

December 11, 2024 | 6:30 pm

Wall Street analysts predict a 27.41% upside for Gitlab (GTLB) based on average price targets. Despite skepticism about the metric's effectiveness, positive earnings estimate revisions could support this potential increase.

Portfolio Pulse from

December 11, 2024 | 4:00 pm

GitLab's stock is maintained at a buy rating with a revised price target of $92. The company reported a 31% year-over-year revenue growth to $196 million, significant EBIT margin expansion, and raised FY25 revenue guidance. Notable metrics include a 48.1% increase in RPO and strong adoption of the Ultimate subscription tier.

Portfolio Pulse from

December 10, 2024 | 8:15 am

Gitlab's Q3 fiscal 2025 results exceeded expectations, driven by strong subscription revenue growth and an expanding customer base. The company has also raised its outlook, which could positively impact its stock price.

Portfolio Pulse from

December 09, 2024 | 12:00 pm

GitLab Inc. is experiencing significant growth with a 30.9% increase in revenue and a 13.2% operating margin. The company has been given a 'Buy' rating with a target price of $85. Key factors include AI-assisted workflows, open-source innovation, and partnerships with AWS and Alphabet. GitLab Ultimate is driving bookings and ARR, with a projected 30% revenue growth for FY25.

Portfolio Pulse from

December 06, 2024 | 6:30 pm

GitLab's stock rose following an earnings beat and the announcement of a new CEO succeeding Sid Sijbrandij. Analysts are optimistic about the leadership change.

Portfolio Pulse from

December 06, 2024 | 4:00 pm

GitLab Inc. held its Q3 2025 earnings call, discussing financial performance and future outlook. Key participants included executives and analysts from major financial institutions.

Portfolio Pulse from

December 06, 2024 | 12:30 am

GitLab Inc. (GTLB) reported Q3 earnings of $0.23 per share, surpassing the Zacks Consensus Estimate of $0.16 per share, and showing significant growth from $0.09 per share a year ago.

Portfolio Pulse from

December 05, 2024 | 11:45 pm

GitLab Inc. (NASDAQ: GTLB) has appointed Bill Staples as the new CEO, succeeding co-founder Sid Sijbrandij, who will focus on his health and transition to executive chair of the board.

Portfolio Pulse from

December 05, 2024 | 9:30 pm

GitLab Inc. (NASDAQ: GTLB) reported its financial results for the third quarter of fiscal year 2025, highlighting the demand for its AI-powered DevSecOps platform. The company emphasizes its growth and the platform's ability to accelerate software development for customers.

Portfolio Pulse from

December 05, 2024 | 9:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.