GitLab Inc. Class A Common Stock
GTLBGitLab Inc. Class A (GTLB) is a software company that provides a web-based DevOps platform for software development, collaboration, and continuous integration and delivery. The platform enables teams to collaborate on code, automate workflows, and manage the entire software development lifecycle in a unified environment. GitLab aims to streamline development processes and improve productivity through its integrated tools and open-source foundation.
Company News
GitLab reported strong Q3 earnings with 25% revenue growth, but shares dropped nearly 13.5% due to concerns about AI monetization and market uncertainty following Microsoft's AI sales challenges.
GitLab reported strong Q3 earnings with 25% year-over-year revenue growth, but provided conservative guidance that disappointed investors, causing the stock to decline by nearly 15%.
Law firm Kahn Swick & Foti initiated an investigation into GitLab after the company lowered its 2025 financial guidance and faced a securities class action lawsuit alleging failure to disclose material information.
Analysts are bullish on GitLab (GTLB) and Chewy (CHWY), forecasting double-digit growth for these stocks. GitLab is seen as an emerging enterprise-quality platform, while Chewy's revenue growth and margin expansion are expected to drive its stock higher.
The average of price targets set by Wall Street analysts indicates a potential upside of 34% in Gitlab (GTLB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
