Needham Reiterates Hold Rating on GitLab Inc (GTLB)

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William Blair Reiterates Outperform Rating on GitLab Inc (GTLB)

September 4, 2024 6:38 AM UTC

William Blair analyst Jason Ader reiterated an Outperform rating on GitLab Inc (NASDAQ: GTLB).

The analyst comments "Tool Consolidation Trend Remains Strong. GitLab emphasized its success in helping customers replace point solutions across the DevSecOps toolchain and driving ROI, accelerated release cycles, and significant... More

GitLab Inc (GTLB) PT Raised to $60 at RBC Capital

September 4, 2024 6:25 AM UTC

RBC Capital analyst Matthew Hedberg raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Outperform rating.

The analyst comments "GitLab delivered strong results with a better beat vs. last quarter and impressive margin expansion. We liked hearing... More

GitLab Inc (GTLB) PT Raised to $60 at Cantor Fitzgerald

September 4, 2024 6:19 AM UTC

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Overweight rating.

The analyst comments "We reiterate our Overweight rating and raising our 12-month price target from $55 to $60 on a clean F2Q25 print.... More

GitLab Inc (GTLB) PT Raised to $65 at Scotiabank

September 4, 2024 6:12 AM UTC

Scotiabank analyst Nick Altmann raised the price target on GitLab Inc (NASDAQ: GTLB) to $65.00 (from $59.00) while maintaining a Sector Outperform rating.... More

GitLab Inc (GTLB) PT Raised to $75 at Wells Fargo

September 4, 2024 5:29 AM UTC

Wells Fargo analyst Michael Turrin raised the price target on GitLab Inc (NASDAQ: GTLB) to $75.00 (from $70.00) while maintaining a Overweight rating.

The analyst comments "Results were solid, w/ FY raise > Q2 rev beat & leading indicators (billings, bookings, cRPO) growing >40%. See GTLB striking right chord... More

GitLab Inc (GTLB) PT Raised to $68 at BofA Securities

September 4, 2024 5:24 AM UTC

BofA Securities analyst Koji Ikeda raised the price target on GitLab Inc (NASDAQ: GTLB) to $68.00 (from $66.00) while maintaining a Buy rating.

The analyst comments "GitLab (GTLB) reported strong F2Q25 results with total revenue and non-GAAP operating income above our/Street estimates. FY25... More

GitLab Inc (GTLB) PT Raised to $63 at BTIG

September 4, 2024 5:10 AM UTC

BTIG analyst Gary Powell raised the price target on GitLab Inc (NASDAQ: GTLB) to $63.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "GTLB delivered very strong FQ2 results and increased its guidance for FY25. Most notably, GTLB posted revenue of $182.6MM / +30.8% y/y about 3% ahead of our estimate of $176.8MM /... More

Goldman Sachs Reiterates Buy Rating on GitLab Inc (GTLB)

September 4, 2024 5:05 AM UTC

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $80.00 price target on GitLab Inc (NASDAQ: GTLB).

The analyst comments "We reiterate our Buy rating and $80 PT following GitLabs 2Q25 outperformance, with revenue growth +31% (Consensus +27%), OPM of 10% (Consensus 6%), and raised guidance, with a true revenue raise (+0.3% ex. beat) and OPM raised +300bps. GitLab is +15% AH as investor concerns about near-term execution risk and macro uncertainty have largely been alleviated.... More

GitLab Inc (GTLB) PT Raised to $62 at Mizuho

September 4, 2024 5:02 AM UTC

Mizuho analyst Gregg Moskowitz raised the price target on GitLab Inc (NASDAQ: GTLB) to $62.00 (from $58.00) while maintaining a Outperform rating.

The analyst comments "GTLB reported a clearly better than expected F2Q, as revenue growth of 31% Y/Y came in well above our... More

Gitlab lifts guidance as Q2 results top estimates amid margin expansion

September 3, 2024 4:44 PM UTC

Investing.com -- Gitlab lifted its annual guidance after reporting Tuesday better-than-expected results, as a flurry of deals and a jump in margins boosted performance. 


Gitlab Inc (NASDAQ:... More

After-hours movers: NVIDIA, GitLab, Zscaler, PagerDuty

September 3, 2024 4:44 PM UTC

After-Hours Stock Movers:

NVIDIA (NASDAQ: NVDA) fell 2.1%, extending an intraday slump of 9.5% that erased $279 billion in market value. The afterhours decline was tied in part to a report from Bloomberg that the DOJ sent subpoenas to the... More

GitLab Inc (GTLB) Tops Q2 EPS by 5c, Offers Guidance

September 3, 2024 4:11 PM UTC

GitLab Inc (NASDAQ: GTLB) reported Q2 EPS of $0.15, $0.05 better than the analyst estimate of $0.10. Revenue for the quarter came in at $182.6 million versus the consensus estimate of $176.88 million.

GUIDANCE:

GitLab Inc sees Q3 2025 EPS of $0.15-$0.16, versus the consensus... More

GitLab Inc (GTLB) call put ratio 1.9 calls to 1 put with focus on September 6 weekly calls into quarter results

September 3, 2024 11:02 AM UTC

GitLab Inc (NASDAQ: GTLB) September weekly call option implied volatility is at 125, September is at 94; compared to its 52-week range of 39 to 104 into the expected release of quarter results today after the bell. Call put ratio 1.9 calls to 1 put with focus on September 6 weekly calls.

... More

GitLab Inc (GTLB) call put ratio 2.8 calls to 1 put into quarter results

September 3, 2024 6:21 AM UTC

GitLab Inc (NASDAQ: GTLB) September 6 weekly 47.50 straddle priced for a move of 17% into the expected release of quarter results today after the bell. Call put ratio 2.8 calls to 1 put.

... More