GitLab Inc.

GitLab Inc. Stock Forecast & Price Prediction

Live GitLab Inc. Stock (GTLB) Price
$50.16

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$50.16

P/E Ratio

-18.24

Volume Traded Today

$1.1M

Dividend

Dividends not available for GTLB

52 Week High/low

78.53/40.19

GitLab Inc. Market Cap

$8.05B

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $GTLB ๐Ÿ›‘

Before you buy GTLB you'll want to see this list of ten stocks that have huge potential. Want to see if GTLB made the cut? Enter your email below

GTLB Summary

From what 0 stock analysts predict, the share price for GitLab Inc. (GTLB) might increase by 31.06% in the next year. This is based on a 12-month average estimation for GTLB. Price targets go from $50 to $80. The majority of stock analysts believe GTLB is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

GTLB Analyst Ratings

GitLab Inc. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that GitLab Inc. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

GTLB stock forecast by analyst

These are the latest 20 analyst ratings of GTLB.

Analyst/Firm

Rating

Price Target

Change

Date

Ryan McKeveny
Barclays

Equal-Weight

$55

Maintains

Sep 5, 2024
Matthew Hedberg
RBC Capital

Outperform

$60

Maintains

Sep 4, 2024
Shrenik Kothari
Baird

Outperform

$62

Maintains

Sep 4, 2024
Karl Keirstead
UBS

Buy

$65

Maintains

Sep 4, 2024
Gray Powell
BTIG

Buy

$63

Maintains

Sep 4, 2024
Michael Turrin
Wells Fargo

Overweight

$75

Maintains

Sep 4, 2024
Nick Altmann
Scotiabank

Sector Outperform

$65

Maintains

Sep 4, 2024
Mike Cikos
Needham

Hold


Reiterates

Sep 4, 2024
Koji Ikeda
B of A Securities

Buy

$68

Maintains

Sep 4, 2024
J. Derrick Wood
TD Cowen

Buy

$63

Maintains

Sep 4, 2024
Gil Luria
DA Davidson

Neutral

$50

Maintains

Aug 29, 2024
Shrenik Kothari
Baird

Outperform

$59

Initiates

Aug 27, 2024
Koji Ikeda
B of A Securities

Buy

$66

Maintains

Aug 27, 2024
J. Derrick Wood
TD Cowen

Buy

$58

Maintains

Aug 27, 2024
Yi Fu Lee
Cantor Fitzgerald

Overweight

$55

Reiterates

Aug 19, 2024
Matthew Hedberg
RBC Capital

Outperform

$65

Reiterates

Jul 18, 2024
Mike Cikos
Needham

Hold


Reiterates

Jul 17, 2024
Matthew Hedberg
RBC Capital

Outperform

$65

Reiterates

Jun 28, 2024
Kingsley Crane
Canaccord Genuity

Buy

$65

Maintains

Jun 5, 2024
Matthew Hedberg
RBC Capital

Outperform

$65

Maintains

Jun 4, 2024

GTLB Company Information

What They Do: Develops software for the software development lifecycle.

Business Model: The company operates a subscription-based model, generating revenue by offering its DevOps platform to organizations, which helps streamline the software development process. Additionally, it provides training and professional services to enhance user experience and effectiveness.

Other Information: Founded in 2011 and headquartered in San Francisco, GitLab Inc. serves markets in the United States, Europe, and the Asia Pacific. The platform aims to improve efficiency and visibility in the DevOps lifecycle, making it a valuable tool for businesses looking to optimize their software development practices.
GTLB
GitLab Inc. (GTLB)

When did it IPO

2021

Staff Count

2,130

Country

United States

Sector/Industry

Technology/Softwareโ€”Infrastructure

CEO

Mr. Sytse Sijbrandij

Market Cap

$8.05B

GitLab Inc. (GTLB) Financial Data

In 2023, GTLB generated $424.3M in revenue, which was a increase of 67.95% from the previous year. This can be seen as a signal that GTLB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$152.2M

0.00 %
From Previous Year

Revenue From 2022

$252.7M

66.03 %
From Previous Year

Revenue From 2023

$424.3M

67.95 %
From Previous Year
  • Revenue TTM $665.2M
  • Operating Margin TTM -22.0%
  • Gross profit TTM $520.2M
  • Return on assets TTM -8.1%
  • Return on equity TTM -48.3%
  • Profit Margin -54.6%
  • Book Value Per Share 4.01%
  • Market capitalisation $8.05B
  • Revenue for 2021 $152.2M
  • Revenue for 2022 $252.7M
  • Revenue for 2023 $424.3M
  • EPS this year (TTM) $-2.34

GitLab Inc. (GTLB) Latest News

News Image

Sun, 29 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - A class action lawsuit has been filed against GitLab Inc. (NASDAQ: GTLB) and certain officers, as announced by law firm Bronstein, Gewirtz & Grossman, LLC.

Why It Matters - A class action lawsuit against GitLab could lead to financial penalties and affect the company's stock performance, signaling potential risks for current and prospective investors.

News Image

Sat, 28 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Investors in GitLab Inc. (NASDAQ:GTLB) who experienced losses may explore recovery options under federal securities laws. More information is available through the provided link.

Why It Matters - The news indicates potential legal issues for GitLab Inc., which could impact stock performance and investor sentiment, signaling risks and possible financial recoveries related to securities law violations.

News Image

Sun, 29 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - A class action lawsuit has been filed against GitLab Inc. (NASDAQ: GTLB). Investors are encouraged to contact Pomerantz LLP for further information.

Why It Matters - A class action lawsuit against GitLab may signal potential legal and financial risks, impacting stock performance and investor sentiment.

News Image

Sun, 29 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Investors in GitLab Inc. (NASDAQ:GTLB) who experienced losses may explore recovery options under federal securities laws. More information is available through the provided link.

Why It Matters - Legal actions against GitLab may signal financial instability or governance issues, potentially affecting stock performance and investor confidence.

News Image

Sun, 29 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Investors in GitLab Inc. (NASDAQ:GTLB) who experienced losses may explore potential recovery options under federal securities laws. More information is available via the provided link.

Why It Matters - The news highlights potential legal action against GitLab, indicating recent losses and possible recovery opportunities, which could impact stock sentiment and investor decisions.

News Image

Mon, 30 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - GitLab Inc. (NASDAQ: GTLB) investors who experienced losses may explore recovery options under federal securities laws. More information is available via the provided link.

Why It Matters - The news indicates potential legal action against GitLab, which may impact investor sentiment and the stock price, highlighting risks associated with the investment.

...

GTLB Frequently asked questions

The highest forecasted price for GTLB is $80 from Kash Rangan at Goldman Sachs.

The lowest forecasted price for GTLB is $50 from Michael Turits from Keybanc

The GTLB analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.