GitLab's (GTLB) Strategic AI Moves Are Fueling a Bullish Outlook
GitLab Inc. (NASDAQ:) is one of the . On June 25, Bank of America Securities analyst Koji Ikeda maintained a 'Buy' rating on the stock and set a price target of $72.00. Ikeda's Buy rating reflects GitLab's strategic positioning and growth potential.
The stock has been gaining attention, particularly due to the integration of AI capabilities throughout its DevSecOps workflows. This is especially true with version 18.0, which includes Duo features in Premium and Ultimate tier subscriptions. These changes could help the company monetize by reaching more users. The enhancements are anticipated to boost GitLab's revenue growth trajectory, with GitLab poised to be a long-term leader in the $53 billion DevSecOps market.
Moreover, the company's focus on its AI agentic offering, especially the Duo Agent Platform, is expected to enhance developer productivity by automating a substantial portion of development workflows. GitLab also focuses on security and compliance, making it a suitable choice for enterprises that seek comprehensive solutions.
Furthermore, more companies are hiring software developers once again, which supports the demand for GitLab's seat-based pricing model. All of these factors reinforce the firm's Buy rating and the price objective of $72.
GitLab Inc. (NASDAQ:GTLB) develops software for the software development lifecycle in the US, Europe, and the Asia Pacific.
While we acknowledge the potential of GTLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks in the Spotlight and
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