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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

60.09

Mkt cap

9.8B

Volume

1.5M

High

61.66

P/E Ratio

-26.15

52-wk high

78.53

Low

59.15

Div yield

N/A

52-wk low

40.72

Cantor Fitzgerald analyst Yi Fu Lee maintains an Overweight rating on GitLab (NASDAQ:GTLB) and raises the price target from $65 to $80.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:16 pm

GitLab (NASDAQ:GTLB) has received diverse analyst ratings over the past quarter, with a total of 16 analysts offering opinions ranging from bullish to bearish. The recent updates show a positive shift in sentiment, with the average 12-month price target for GTLB rising to $65.94, up 9.75% from the previous $60.08. Analysts from firms like DA Davidson, Truist Securities, and Goldman Sachs have raised their price targets, reflecting optimism about GitLab's market position and financial performance, including a notable 32.47% revenue growth rate as of October 31, 2023. However, concerns remain regarding GitLab's net margin and ROE, which are below industry averages.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:00 pm

DA Davidson analyst Gil Luria maintains a Neutral rating on GitLab (NASDAQ:GTLB) and raises the price target from $60 to $75.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 4:48 pm

Software company stocks are down following the Federal Reserve's decision to leave interest rates unchanged, contributing to broader market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:53 pm

Tech sector stocks are up due to positive consumer sentiment data and anticipation of future Federal Reserve rate cuts, indicating market optimism.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:38 pm

GitLab has announced a new add-on called GitLab Duo Pro, priced at $19 per user per month. This add-on is likely designed to enhance the functionality of GitLab's existing services, offering additional features or integrations for users at an extra cost.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:01 pm

Analyst comments indicate that GitLab (GTLB) is increasing the price of its Duo Pro Code Suggestions add-on from $9 to $19 per user per month, effective February 1st.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:47 pm

Truist Securities analyst Barry Jonas has reaffirmed a Buy rating on GitLab (NASDAQ:GTLB) and increased the price target from $70 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 7:11 pm

Software company stocks are trading higher due to a decrease in Treasury yields and positive announcements at CES 2024. This trend is affecting a broad range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

GitLab (NASDAQ:GTLB) has been the subject of 15 analyst ratings in the past three months, with a mix of bullish and bearish sentiments. The average 12-month price target is $64.13, up 7.47% from the previous $59.67. Analysts from firms like Mizuho, Goldman Sachs, and RBC Capital have raised their price targets, reflecting a positive outlook on the company's performance. GitLab operates a DevOps platform and has shown a revenue growth rate of 32.47% as of October 31, 2023. However, the company has a net margin of -190.53% and an ROE of -42.87%, indicating potential profitability challenges.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 12:00 pm

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