Here's What Analysts Had To Say About GitLab Post Q1 Beat

Analysts acknowledged GitLab Inc's GTLB Q1 beat by re-rating the stock.
RBC Capital analyst Matthew Hedberg maintained GitLab with an Outperform and raised the price target from $64 to $66.
GitLab reported a solid start to the year as execution continued in its third quarter as a public company, Hedberg noted.
Revenue growth again accelerated while RPO grew paired with significant margin expansion.
Guidance moves higher for revenue and margins as management remains bullish on their opportunity and pipeline.
Piper Sandler analyst Rob Owens lowered the price target on GitLab to $60 from $75 and kept an Overweight.
GitLab delivered "solid" fiscal Q1 results across nearly all metrics, with sales acceleration and meaningful earnings outperformance, as platform adoption sustains momentum with new and existing customers, Owens noted.
Owen cut the price target on multiple compression.
UBS analyst Karl Keirstead maintained GitLab with a Buy and raised the price target from $54 to $59.
GitLab demonstrated 'outstanding growth,' Truist said.
Price Action: GTLB shares traded higher by 23.60% at $49.25 on the last check Tuesday.

Analyst Calendar