GitLab GTLB underwent analysis by 23 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 13 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 5 | 11 | 3 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $76.61, along with a high estimate of $90.00 and a low estimate of $50.00. Surpassing the previous average price target of $67.30, the current average has increased by 13.83%.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of GitLab by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steve Koenig | Macquarie | Announces | Outperform | $90.00 | - |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $80.00 | $67.00 |
| Ryan McKeveny | Barclays | Raises | Equal-Weight | $70.00 | $55.00 |
| Nick Altmann | Scotiabank | Raises | Sector Outperform | $80.00 | $75.00 |
| Gil Luria | DA Davidson | Raises | Neutral | $70.00 | $50.00 |
| Sanjit Singh | Morgan Stanley | Raises | Overweight | $77.00 | $70.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $88.00 | $80.00 |
| Jonathan Ruykhaver | Cantor Fitzgerald | Raises | Overweight | $80.00 | $75.00 |
| Pinjalim Bora | JP Morgan | Raises | Neutral | $65.00 | $60.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $80.00 | $73.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $80.00 | $75.00 |
| Rob Owens | Piper Sandler | Raises | Overweight | $85.00 | $75.00 |
| Jason Celino | Keybanc | Raises | Overweight | $80.00 | $74.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $90.00 | $80.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $75.00 | $62.00 |
| Kingsley Crane | Canaccord Genuity | Raises | Buy | $78.00 | $65.00 |
| Mike Cikos | Needham | Raises | Buy | $85.00 | $70.00 |
| Nick Altmann | Scotiabank | Raises | Sector Outperform | $75.00 | $65.00 |
| Jason Celino | Keybanc | Raises | Overweight | $74.00 | $62.00 |
| J. Derrick Wood | TD Cowen | Raises | Buy | $70.00 | $63.00 |
| Mike Cikos | Needham | Announces | Buy | $70.00 | - |
| Gil Luria | DA Davidson | Maintains | Neutral | $50.00 | $50.00 |
| Sanjit Singh | Morgan Stanley | Announces | Overweight | $70.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to GitLab. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of GitLab compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of GitLab's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into GitLab's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on GitLab analyst ratings.
Unveiling the Story Behind GitLab
GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Financial Milestones: GitLab's Journey
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: GitLab's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 30.99%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: GitLab's net margin is impressive, surpassing industry averages. With a net margin of 15.08%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): GitLab's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.32%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): GitLab's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.25% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.0.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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