GitLab (GTLB) shares have plunged 25.3% year to date (YTD), underperforming the Zacks Computer & Technology sector's growth of 21.7% and the Zacks Internet Software industry's return of 14.5%. The underperformance in GitLab shares can be attributed to modest top-line growth expectations in fiscal 2025 due to the challenging macroeconomic environment. It also includes a $4 million headwind related to GTLB's stand-alone selling price analysis. Although the latest products like GitLab Duo and GitLab Duo Pro bo ...

SAN FRANCISCO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ: GTLB), the most comprehensive AI-powered DevSecOps platform, today announced that GitLab Chief Financial Officer Brian Robins will present at the Piper Sandler Growth Frontiers Conference in Nashville, Tenn, on Tuesday, September 10th, 2024. The fireside chat is scheduled for 1:00 p.m. Central Time and will be webcast live at the following link: https://event.webcasts.com/starthere.jsp?ei=1683706&tp_key=38e2d90b5d A link to ...

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 ...

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 ...

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 ...

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 ...