I l Thomas Barwick Ripe Acquisition Target Buy GitLab Stock On Dips a rather rich premium. Data by YCharts The time to load up is when market doldrums allows the stock to dip back into the mid-$40s where GitLab was trading at 7x FY26 revenue targets. The company is already profitable with a cash balance topping $1 billion, so the BoD shouldn't be desperate to unload the business for financial reasons. Outside the CEO cancer scare, GitLab really has no reason to unload the stock now outside a massive premium ...

GitLab, a developer platform company backed by Alphabet's Google, is reportedly considering a sale. Its shares rose Wednesday following reports of a possible deal. Datadog, a cloud-scale monitoring company, is among those interested in buying GitLab, Reuters reported. Alphabet is a GitLab investor, holding a 22% voting stake in the company. Its shares were up about 10% in early trading. The stock remains in the read for the year so far. Alphabet, through Google Ventures, is an investor in GitLab and holds a ...

GitLab is expected to open at nearly $57 per share, with a market capitalization of over $9 billion. Datadog was down 4.5% overnight and expected to open at $124 per share, with a market cap of $41.5 billion. Datadog is up 16% in 2024 as the software industry consolidates. Some analysts see GitLab's observability platform as a good fit within Datadog. Mizuho Securities recently initiated coverage of Datadog with a "buy" rating. GTLB Stock: What Happens Next? On the date of publication, the responsible edito ...

MiNK Therapeutics, Inc. (INKT) : This biotechnology company has seen the Zacks Consensus Estimate for its current year earnings increasing 28.8% over the last 60 days. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Melco Resorts & Entertainment Limited (MLCO) : This gaming and resort company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days. Heron Therapeutics, Inc. (HRTX) : This biotechnology company has seen the Zacks Consen ...

GitLab Inc. (GTLB) closed the last trading session at $49.45, gaining 1.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $66.24 indicates a 34% upside potential. The mean estimate comprises 21 short-term price targets with a standard deviation of $10.04. While the lowest estimate of $50 indicates a 1.1% increase from the current price level, the most optimistic analyst expects th ...

Here is How to Spot Oversold Stocks This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering GTLB in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 47.4% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, GTLB currently has a ...

GitLab Dedicated for Government, the company's new single-tenant managed SaaS offering, will meet FedRAMP requirements from the U.S. government to provide customers with the benefits of a DevSecOps platform, with an added focus on data residency, isolation, and private networking to meet security and compliance requirements. "Achieving the FedRAMP In Process milestone demonstrates GitLab's commitment to government agencies and customers in highly regulated industries where adherence to stringent data compli ...

SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has achieved "In Process" designation at the Moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP). GitLab Dedicated for Government, the company's new single-tenant managed SaaS offering, will meet FedRAMP requirements from the U.S. government to provide customers with the benefits of a DevSecOps platform, with an added focus ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/42087f1e-bfad-42cd-b5dc-12232d2be85e CxOs consider developer productivity a critical operational metric—but are unsure how to measure it Media Contact GitLab Inc. press@gitlab.com Perceptions of AI risk, training, and skills vary between executives and staff To access the full 2024 DevSecOps Report, click here. CxOs and staff are not aligned on the topics of AI, risk, and training Efforts to fix security vulnerabilities are hindered by organizational red t ...

SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- ALL REMOTE -- GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today released its 8th annual Global DevSecOps Report on the current state of software development. In April 2024, GitLab surveyed over 5,300 CxOs, IT leaders, developers, and security and operations professionals worldwide on their successes, challenges, and main priorities for implementing DevSecOps. Perceptions of AI risk, training, and skills vary between executives and staff ...