What's Going On With Gitlab Shares Tuesday?

Gitlab, Inc. GTLB stock is trading lower Tuesday morning after the company on Monday reported Q1 earnings.

The Details: On Monday after the market closed, Gitlab released financial earnings for the 2025 fiscal-year first quarter.

The company reported adjusted EPS of three cents, beating analyst estimates of a loss of four cents per share. Revenues of $169.18 came in ahead of consensus estimates of $165.88 million.

For the second quarter, the company expects revenue between $176 and $177 million versus analyst estimates of $176.73 million. Gitlab also expects adjusted EPS from nine cents to ten cents versus analyst estimates of five cents.

Gitlab now expects revenue between $733 and $737 million versus analyst estimates of $731.67 million. Previously, the company anticipated revenue between $725 and $731 million.

The company now expects adjusted EPS between thirty four cents and thirty seven cents versus analyst expectations of twenty one cents. Prior to this change, the company expected adjusted EPS between nineteen cents and twenty three cents.

Analyst Changes: Following the earnings announcement, several analysts released price target adjustments.

• Keybanc analyst Jason Celino maintains GitLab with a Overweight and lowers the price target from $70 to $62.
• Needham analyst Mike Cikos reiterates GitLab with a Hold.
• Mizuho analyst Gregg Moskowitz maintains GitLab with a Buy and lowers the price target from $70 to $62.
• B of A Securities analyst Koji Ikeda maintains GitLab with a Buy and lowers the price target from $85 to $80.
• DA Davidson analyst Gil Luria maintains GitLab with a Neutral and lowers the price target from $65 to $50.
• JP Morgan analyst Pinjalim Bora maintains GitLab with a Neutral and lowers the price target from $55 to $50.

See Also: What’s Going On With Taiwan Semi Stock On Tuesday?

GTLB Price Action: At the time of writing, Gitlab stock is trading 1.90% lower at $46.18, according to data from Benzinga Pro.

Image: Courtesy of Gitlab, Inc.