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

GitLab Inc. GTLB will release earnings results for its second quarter, after the closing bell on Tuesday, Sept. 3.

Analysts expect the San Francisco, California-based company to report quarterly earnings at 10 cents per share, up from 1 cent per share. GitLab is projected to post revenue of $176.89 million, according to data from Benzinga Pro.

According to a Reuters report on July 17, GitLab is exploring a potential sale after receiving acquisition interest, according to sources familiar with the matter.

GitLab shares fell 1% to close at $47.40 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.

• TD Cowen analyst J. Derrick Wood maintained a Buy rating and cut the price target from $76 to $58 on Aug. 27. This analyst has an accuracy rate of 74%.
• Baird analyst Shrenik Kothari initiated coverage on the stock with an Outperform rating and a price target of $59 on Aug. 27. This analyst has an accuracy rate of 80%.
• RBC Capital analyst Matthew Hedberg reiterated an Outperform rating with a price target of $65 on July 18. This analyst has an accuracy rate of 72%.
• BTIG analyst Gray Powell maintained a Buy rating and cut the price target from $71 to $58 on June 4. This analyst has an accuracy rate of 78%.
• Mizuho analyst Gregg Moskowitz maintained a Buy rating and slashed the price target from $70 to $62 on June 4. This analyst has an accuracy rate of 68%.

Considering buying GTLB stock? Here’s what analysts think:

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