SAN FRANCISCO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- All Remote -- GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it was named a Leader in the first-ever 2024 Gartner Magic Quadrant for AI Code Assistants1. The Magic Quadrant, which evaluated 12 vendors, recognized GitLab as a Leader based on "Completeness of Vision" and "Ability to Execute." According to Gartner, "Leaders in the Magic Quadrant for AI Code Assistants excel in delivering comprehensive AI-powered capabilities t ...

Luis Alvarez Executive Summary GitLab Inc. (NASDAQ:GTLB) stocks are currently trading below their fair market price. GitLab's success has to be found in its innovative approach to software development, focusing on security features and in an all-in-one platform covering the entire software development lifecycle. We expect GitLab to continue penetrating the software development segment, expanding its niche presence by acquiring new enterprise customers and continue upselling its existing customers by realisi ...

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. For Gitlab, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' apprecia ...

▼ Why the Acquisition of GitLab Makes Sense View The Five Stocks Here GitLab Today Get GitLab alerts: GitLab analyst ratings and price targets are at MarketBeat. There are 25 analyst ratings comprised of 21 Buys and four Holds, with an average consensus price target 25.% higher at $67.50. GTLB $53.54 52-Week Range $40.19 Price Target $67.30 DevOps platform provider GitLab Inc. NASDAQ: GTLB saw its shares surge over 10% on speculation that the company is exploring a sale after attracting buyout interest. Fur ...

GitLab Inc. (GTLB) shares rallied 9.3% in the last trading session to close at $55.39. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.8% gain over the past four weeks. This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +800%. Revenues are expected to be $176.34 million, up 26.3% from the year-ago quarter. Gitlab is a m ...

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 ...