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 ...

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 ...

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 ...

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 ...

What is DevOps? The company raised fiscal Q2 2025 EPS of 9 cents to 10 cents, beating 5 cents consensus analyst estimates. Revenues are expected to be between $176 million to $177 million versus $176.75 million. GitLab raised fiscal full year 2025 EPS to 34 cents to 37 cents, up from previous guidance of 19 cents to 23 cents, versus 21 cents consensus estimates. Full-year revenues were raised from $733 million to $737 million, up from previous estimates of $725 million to $731 million versus $731.42 million ...

GitLab is leveraging AI to boost the potency of its portfolio. It has introduced AI throughout the entire software development cycle that improves productivity and security without sacrificing speed. Customers are fast adopting its AI offerings Gitlab Duo and GitLab Duo Pro. GitLab has more than 30 million registered users on its platform. More than 50% of Fortune 100 are GitLab customers. GitLab's robust portfolio has been driving clientele expansion. Enterprises, including NVIDIA (NVDA) and Google Cloud, ...

The integrations combine GitLab's comprehensive DevSecOps platform capabilities, including source code management, planning, CI/CD workflow, and advanced security and compliance with Google Identity Access Management, Workload Identity Federation, Google Cloud Artifact Registry, and Google Compute Engine. Key customer benefits of the integrations include: Supporting Quotes: About GitLab ♥ GitLab SAN FRANCISCO, June 12, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevS ...

Core Viewpoint - GitLab is positioned as a strong investment opportunity despite recent stock declines, driven by robust revenue growth and strategic product innovations, although concerns about slowing customer acquisition persist [2][12]. Financial Performance - In Q1 FY25, GitLab reported a revenue increase of 33% YoY, reaching $169.2 million, with a notable growth in customers contributing at least $100K in Annual Recurring Revenue (ARR), which rose 35% YoY to 1,025 customers [2][4]. - The non-GAAP operating loss improved significantly from -$15.8 million in Q1 FY24 to -$3.8 million in Q1 FY25, reflecting better operational efficiency [7][8]. Product Innovation and Market Strategy - GitLab is enhancing its product offerings with new SKUs like GitLab Duo Pro and GitLab Duo Enterprise, aimed at improving productivity and security compliance throughout the software development cycle [5][6]. - The acquisition of Oxeye is expected to bolster GitLab's security capabilities, particularly in Static Application Security Testing (SAST), enhancing customer experience [6]. Customer Dynamics - The company maintains a strong Net Retention Rate (NRR) of 129%, indicating effective customer engagement and retention strategies [4]. - Despite the positive growth in high-value customers, the management's revenue guidance for FY25 indicates a slowdown, projecting a 27% YoY growth, down from 37% in FY24 [13]. Competitive Landscape - GitLab faces competitive pressures, particularly from larger players like Microsoft, which could impact its market share and necessitate increased R&D spending to maintain its position [13]. Valuation Perspective - The fair value of GitLab's stock is estimated at $55.4, suggesting a potential upside of 28.8% from current levels, based on a revenue multiple of 9.5 times [14].