DA Davidson Reiterates Neutral Rating on GitLab Inc (GTLB)

DA Davidson analyst Lucky Schreiner reiterated a Neutral rating and $45.00 price target on GitLab Inc (NASDAQ: GTLB).

The analyst commented: "Shares are down ~28% YTD compared to the IGV up ~3% as sentiment remains negative towards competitive threats from new Gen AI coding tools and lack of upside to developer headcount growth. GTLB continues to trade at a discount to growth peers after a large beat but reiterated FY26 guide last quarter. Expectations for 3Q26 results do not embed much upside but GTM investments and consumption pricing are catalysts for next year. As a result we expect a standard beat and raise. Recent take out rumors provide a valuation floor but given the declining growth path we maintain our NEUTRAL rating."

For an analyst ratings summary and ratings history on GitLab Inc click here. For more ratings news on GitLab Inc click here.

Shares of GitLab Inc closed at $41.06 yesterday.

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