GitLab GTLB has been analyzed by 15 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 3 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 4 | 3 | 3 | 0 | 0 |
Analysts have recently evaluated GitLab and provided 12-month price targets. The average target is $60.47, accompanied by a high estimate of $80.00 and a low estimate of $50.00. Highlighting a 11.26% decrease, the current average has fallen from the previous average price target of $68.14.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive GitLab is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Koji Ikeda | B of A Securities | Lowers | Buy | $66.00 | $80.00 |
| Shrenik Kothari | Baird | Announces | Outperform | $59.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $55.00 | $55.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $65.00 | $65.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $65.00 | $65.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $65.00 | $74.00 |
| Gray Powell | BTIG | Lowers | Buy | $58.00 | $71.00 |
| Yi Fu Lee | Cantor Fitzgerald | Lowers | Overweight | $55.00 | $70.00 |
| Ryan McKeveny | Barclays | Lowers | Equal-Weight | $50.00 | $55.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $65.00 | $74.00 |
| Pinjalim Bora | JP Morgan | Lowers | Neutral | $50.00 | $55.00 |
| Gil Luria | DA Davidson | Lowers | Neutral | $50.00 | $65.00 |
| Koji Ikeda | B of A Securities | Lowers | Buy | $80.00 | $85.00 |
| Gregg Moskowitz | Mizuho | Lowers | Buy | $62.00 | $70.00 |
| Jason Celino | Keybanc | Lowers | Overweight | $62.00 | $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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of GitLab compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into GitLab's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on GitLab analyst ratings.
Delving into GitLab's Background
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 Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining GitLab's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 33.35% as of 30 April, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: GitLab's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -32.3%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -9.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): GitLab's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -4.14%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.0, GitLab adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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