On Dec 07, major Wall Street analysts update their ratings for $Gitlab (GTLB.US)$, with price targets ranging from $70 to $90.
Goldman Sachs analyst Kash Rangan maintains with a buy rating, and adjusts the target price from $80 to $88.
BofA Securities analyst Koji Ikeda maintains with a buy rating.
UBS analyst Karl Keirstead maintains with a buy rating, and adjusts the target price from $65 to $85.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and adjusts the target price from $75 to $80.
Mizuho Securities analyst Gregg Moskowitz maintains with a buy rating, and adjusts the target price from $67 to $80.
Furthermore, according to the comprehensive report, the opinions of $Gitlab (GTLB.US)$'s main analysts recently are as follows:
GitLab's Q3 revenue exceeded market expectations by 4%, maintaining a robust 31% revenue growth. The company's guidance for Q4 predicts a revenue increase of 25%-26%, slightly surpassing previous forecasts. Analysts consider the mid-20% growth rate to be sustainable, which is expected to lead to a compound annual growth in free cash flow of over 40% through the end of 2027.
GitLab reported Q3 results that exceeded expectations, with revenue surpassing the midpoint of guidance by 4.6%. The company's expanded offerings and enhanced AI capabilities are gaining traction in the market. Additionally, GitLab enjoys architectural advantages through its unified datastore, enabling a more cohesive platform.
The company reported results that were strong compared to expectations, surpassing those anticipated by the buyside. The enthusiasm for the company's market opportunity and robust execution is highlighted, making it a notable growth focus.
GitLab's recent performance, highlighted by its most significant quarterly outperformance, was driven by strong results from Duo, along with several significant enterprise and government contracts. This demonstrates an increasing appeal to upscale markets.
GitLab's DevSecOps platform is increasingly being adopted due to advances in its Advanced-SAST features. The company continues to impress as a leader in DevSecOps and AI, gaining further traction with its offerings such as Ultimate, Duo, and Dedicated, along with growing momentum in the public sector and strategic partnerships that look promising into CY25.
Here are the latest investment ratings and price targets for $Gitlab (GTLB.US)$ from 9 analysts:
Note:
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