Latest news with #GTLB
Business Insider
2 days ago
- Business
- Business Insider
GitLab initiated with a Buy at Rosenblatt
Rosenblatt initiated coverage of GitLab (GTLB) with a Buy rating and $58 price target The firm sees a 'significant runway for growth' for the company due to the complexity of modern cloud and emerging generative artificial intelligence applications. GitLab's margin expansion has been 'impressive,' the analyst tells investors in a research note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
2 days ago
- Business
- Business Insider
Gitlab (GTLB) Initiated with a Buy at Rosenblatt Securities
In a report released today, Blair Abernethy from Rosenblatt Securities initiated coverage with a Buy rating on Gitlab and a price target of $58.00. The company's shares closed today at $42.57. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Abernethy covers the Technology sector, focusing on stocks such as Pegasystems, PDF Solutions, and Snowflake. According to TipRanks, Abernethy has an average return of 8.6% and a 62.46% success rate on recommended stocks. In addition to Rosenblatt Securities, Gitlab also received a Buy from Truist Financial's Joel Fishbein in a report issued today. However, on June 30, J.P. Morgan maintained a Hold rating on Gitlab (NASDAQ: GTLB). GTLB market cap is currently $6.94B and has a P/E ratio of 421.56. Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year. Last month, Matthew Jacobson, a Director at GTLB sold 129,400.00 shares for a total of $5,476,208.00.
Yahoo
02-07-2025
- Business
- Yahoo
GitLab Maintains Buy Rating Despite Lowered Price Target, Shows Strong Seat Expansion
GitLab Inc. (NASDAQ:GTLB) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 11, Canaccord Genuity maintained its Buy rating on GitLab Inc. (NASDAQ:GTLB), while decreasing its price target to $76 from $78. Canaccord stressed that despite the current software purchasing climate, GitLab Inc. (NASDAQ:GTLB) continues to show robust revenue growth from seat expansions, which the firm sees as proof that the platform's value proposition appeals to users. The research firm highlighted GitLab's distinctive end-to-end platform approach, which starts with source code management, and pointed out that IT buyers continue to place a high premium on investing in the software supply chain. Canaccord also mentioned GitLab's success in turning a profit, stating that it expects operating leverage to develop organically as the company scales into what it refers to as a sizable software deployment market. GitLab Inc. (NASDAQ:GTLB) offers a uniform platform that supports the full software development lifecycle, enabling teams to design, create, protect, and launch applications across various cloud environments. 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 More: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
Why GitLab Stock Jumped Nearly 4% Higher on Thursday
One analyst tracking the company got a preview of its new software suite. He was particularly impressed with its integration with artificial intelligence (AI) functionalities. 10 stocks we like better than GitLab › A new analyst note was the wind under the wings of GitLab (NASDAQ: GTLB) stock on Thursday. Shares of the software development and cybersecurity solutions provider ticked almost 4% higher on the day as a result. This rise was several orders of magnitude better than the S&P 500 index's sub-1% increase. The person behind the fresh analysis was William Blair's Jason Ader. In his newest GitLab note, Ader reiterated his confident outperform (read: buy) recommendation on the company's shares. According to reports, the analyst's update was something of a reaction to GitLab's latest software package release. Ader wrote that the company held a virtual launch of its GitLab 18, a suite he said features more than 30 improvements to functionalities of earlier products. The pundit went into some detail about GitLab 18, writing that a notable feature of the new software is its Duo Agent Platform. This allows the product's users to harness artificial intelligence (AI) agents across all aspects of the software development life cycle. These agents can assist with many tasks, including coding -- typically a time-consuming and laborious activity. While analyst buy recommendations frequently inspire investors to either hold or purchase a stock, I suspect this recommendation on its own isn't what drove GitLab's surge on Thursday. Rather, it's Ader's considerable dive into the AI aspect of GitLab 18. Investors are still very hungry to buy into this white-hot and rapidly developing technology, and GitLab is clearly embracing it strongly. Before you buy stock in GitLab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and GitLab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GitLab. The Motley Fool has a disclosure policy. Why GitLab Stock Jumped Nearly 4% Higher on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Macquarie Cuts GitLab's (GTLB) PT, Maintains Outperform
GitLab Inc. (NASDAQ:GTLB) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 11, Macquarie reduced its price target on GTLB from $90 to $75 while maintaining an Outperform rating. The analyst described the company's Q1 results as underwhelming, citing a modest $1.5 million revenue beat and no revision to full-year revenue guidance. The firm attributed the weaker performance to a higher proportion of SaaS revenue and back-end linearity. Despite these factors, Macquarie pointed to stable RPO metrics as evidence of continued momentum, although deal composition and timing remain inconsistent. The firm also stated that it continues to view GitLab's DevOps platform as compatible with the increasing use of AI-driven coding tools. A team of software engineers working together in an open office, developing innovative solutions. The company also received a comment from Cramer on June 11 when he said: 'Yeah, I thought that GitLab, frankly, I was prepared for disappointment, and I got it. This kind of collaborative software, enterprise software stock, I don't want right now… You know, I like an Oracle, which is going up, but that's data center. I don't want, I just do not want enterprise software. I think they're all too expensive.' GitLab (NASDAQ:GTLB) provides a unified platform that supports every stage of the software development lifecycle. The platform allows teams to plan, build, secure, and deploy applications across different cloud environments. It also delivers professional services and training. 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
