GitLab Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

GitLab Inc. GTLB is set to release first-quarter financial results, after the closing bell on Monday.

Analysts expect the San Francisco, California-based company to report a quarterly loss at 4 cents per share, versus a year-ago loss of 6 cents per share. GitLab is expected to post revenue of $165.89 million, according to data from Benzinga Pro.

On March 20, GitLab said it has acquired Oxeye, the provider of an award-winning, cloud-native application security and risk management solution.

GitLab shares fell 2.7% to close at $47.21 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Mizuho analyst Gregg Moskowitz maintained a Buy rating and cut the price target from $75 to $70 on May 17. This analyst has an accuracy rate of 69%.
• Truist Securities analyst Joel Fishbein reiterated a Buy rating with a price target of $80 on April 1. This analyst has an accuracy rate of 72%.
• RBC Capital analyst Matthew Hedberg reiterated an Outperform rating with a price target of $80 on March 5. This analyst has an accuracy rate of 72%.
• UBS analyst Karl Keirstead maintained a Buy rating and slashed the price target from $81 to $75 on March 5. This analyst has an accuracy rate of 75%.
• TD Cowen analyst J. Derrick Wood maintained an Outperform rating and cut the price target from $80 to $76 on March 5. This analyst has an accuracy rate of 76%.

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