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What's Going On With GitLab Stock Tuesday?

Benzinga ·  Mar 6 03:36

RBC Capitalanalyst Matthew Hedberg reiteratesGitLab Inc(NASDAQ:GTLB) with an Outperform and a $80 price target.

On Monday, GitLab reported fourth-quarter revenue of $163.78 million, up by 33.3% year-on-year, beating the analyst consensus estimate of $158.21 million. The company clocked EPS of $0.15, which beat the analyst consensus estimate of $0.08. The stock price plunged after the results.

GitLab projected first-quarter revenue of between $165 million – $166 million, versus the $161.86 million estimate, and full-year 2025 revenue of between $725 million – $731 million, versus the $731.67 million estimate. It expects first-quarter EPS of between $(0.05) – $(0.04), versus the $0.06 estimate and fiscal year 2025 EPS of $0.19 – $0.23, below the $0.35 consensus...

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