Latest news with #GitLab
Yahoo
10 hours ago
- 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
a day ago
- Business
- Yahoo
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 Disclosure: None.
Channel Post MEA
a day ago
- Business
- Channel Post MEA
Redington And GitLab Join Hands To Drive DevSecOps In MEA
Redington has signed a Master Partner Agreement with GitLab, the most comprehensive, intelligent DevSecOps platform. As part of the agreement, GitLab authorizes Redington to leverage AWS Marketplace's Channel Partner Private Offer (CPPO) program for customers in the Middle East and Africa, enabling Redington to receive wholesale pricing for GitLab while maintaining direct financial and contractual relationships with customers. Redington can now sell GitLab licenses while providing customers with localized support and specialized expertise. This collaboration enables customers to purchase GitLab's DevSecOps platform through the AWS Marketplace Management Portal, providing a seamless purchasing experience. 'This partnership strengthens our commitment to delivering cloud-native, AI-powered solutions that drive speed, security, and innovation,' said Nehal Sharma, Vice President, Cloud Solutions Group, Redington. 'By offering GitLab's comprehensive DevSecOps platform with AWS infrastructure and our channel ecosystem, we are enabling businesses to modernize DevOps with intelligence and simplicity.' The collaboration further strengthens Redington's cloud and AI portfolio by delivering a tightly integrated DevSecOps solution that leverages GitLab's certified integrations optimized for AWS environments as an AWS Advanced Technology Partner with a DevOps ISV Competency. This aligns with Redington's broader strategy to lead in cloud, data, and AI innovation, while complementing its existing relationships in the AWS ecosystem.
Yahoo
a day ago
- 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
Techday NZ
3 days ago
- Business
- Techday NZ
Cybercrime surge hits technology sector as AI & supply chain attacks rise
New research has detailed how cybercriminals are increasingly targeting technology companies, leveraging advanced technologies and dark web marketplaces to intensify the impact of their attacks across global industries. The latest threat intelligence series from Trustwave details how both the pace and sophistication of cyber threats facing the technology sector have increased, with attackers now utilising supply chain vulnerabilities, artificial intelligence (AI), and stolen credentials to gain access to broader digital ecosystems. Supply chain attacks Trustwave's analysis reveals that access to sensitive components—such as GitLab API keys—can be sold on the dark web for up to USD $1,400, with such credentials marketed specifically for use in supply chain attacks. The report also highlights that credentials harvested through infostealers are actively traded and weaponised by attackers, providing a route to infiltrate technology providers with the aim of moving laterally across entire supply chains and partner networks. Instead of simply targeting individuals with stolen logins, cybercriminals are utilising these credentials to access wider digital infrastructures. Once inside, they are able to traverse interconnected services and platforms, opening potential backdoors into multiple organisations. Rise in ransomware targeting tech companies Trustwave SpiderLabs found that ransomware activity is increasingly focusing on technology vendors, with 85 percent of ransomware incidents in early 2025 impacting this sector, as opposed to end-user companies. Prominent ransomware groups such as Ransomhub, CLOP, Akira, and Fog have intensified their campaigns, driving a 10 percent weekly increase in attacks against technology organisations worldwide. The report notes that these attacks often feature double extortion tactics and mass data exfiltration, primarily affecting software, cloud, and infrastructure providers. Attacks exploiting third-party dependencies, CI/CD (continuous integration and continuous deployment) pipelines, and open-source libraries have also led to widespread breaches, sometimes originating from just a single compromised vendor. Legacy systems and public exposure Publicly exposed services remain a persistent risk, with minimal changes in overall exposure year-on-year. However, the continued use of legacy operating systems and new, vulnerable network ports are providing ongoing opportunities for threat actors to gain footing in technology environments. Weaponisation of AI The research indicates that offensive AI is enabling cybercriminals to craft more effective phishing campaigns, social engineering threats, and supply chain attacks. This increase in sophistication is reflected in both the scale and success rate of cyber intrusions targeting technology firms. Professionalisation of cybercrime The dark web is underpinning a professional and collaborative cybercriminal ecosystem, with attackers monetising data and access obtained from successful breaches. The increasing value and frequency of supply chain attacks are being driven by this underground marketplace, as criminal groups work together to amplify their reach. "The technology sector's relentless pace of innovation is matched only by the creativity and determination of today's cyber adversaries. Our latest research shows that cybercriminals are not just keeping up—they're industrializing their operations, exploiting supply chains, and weaponizing AI," said Kory Daniels, CISO at Trustwave. "Trustwave is committed to helping technology organizations build resilience through world-class threat intelligence, MDR, and security solutions that address the realities of a hyper-connected digital world." Trustwave's reports, including the 2025 Risk Radar Report: Technology Sector and research supplements on AI threats and dark web supply chain attacks, offer a comprehensive look at these evolving risks. Recommendations for technology organisations Trustwave SpiderLabs has issued several recommendations for technology firms to better protect themselves in this hostile environment. Organisations are urged to implement robust identity and access controls—such as multi-factor authentication and least-privilege policies—and to maintain regular inventories, assessments, and patches for all systems, particularly those exposed to the public internet. The guidance also includes ongoing monitoring for dark web leaks and third-party risk via advanced threat intelligence, investing in AI-powered security solutions to detect and counter emerging attacks, and bolstering employee readiness through ongoing security training and incident response practice. These recommendations reflect the growing recognition that technology organisations serve as a digital backbone for industries globally, making their protection critical to wider economic and operational stability in the face of sustained cyber threats.
