Wolfe Research Upgrades GitLab Inc (GTLB) to Outperform, 'You Had Me at Conservative'

GitLab Inc (GTLB) print was good, but 'bulls wanted great' - BTIG

Reacting to GitLab Inc's (NASDAQ: GTLB) latest earnings release, analysts at BTIG said it was a good fourth-quarter print for the company, but bulls wanted a great print.

Nevertheless, the firm reiterated a Buy rating and $71 per share price target on the... More

GitLab (GTLB) upgraded to Outperform at Wolfe amid 'significant upside from pricing'

Wolfe Research analysts upgraded GitLab (NASDAQ: GTLB) to Outperform with a price target of $75, the broker revealed in a Tuesday note to clients.

The move comes following the companys fiscal Q4 2024 report, which sent its shares tumbling more than 20%. Despite that,... More

Midday movers: Tesla slips; Target surges

(Updated - March 5, 2024 11:04 AM EST)

Investing.com -- Main U.S. indexes declined Tuesday as weakness in megacap tech weighed on the Nasdaq and S&P 500.

Here are some of the biggest U.S. stock movers today:

Shares in Tesla (NASDAQ: TSLA) tumbled 5% after the electric... More

GitLab (GTLB) PT Cut to $76 at TD Cowen, 'still see 30%+ growth as likely this year'

(Updated - March 5, 2024 11:02 AM EST)

TD Cowen analyst J. Derrick Wood lowered the price target on GitLab Inc (NASDAQ: GTLB) to $76.00 (from $80.00) while maintaining a Outperform rating.

The analyst commented: "GTLB reported a strong 4Q w/ rev growth of 33%... More

GitLab (GTLB) PT Cut to $65 at DA Davidson 'as upside to revenue will take time to materialize'

(Updated - March 5, 2024 11:03 AM EST)

DA Davidson analyst Gil Luria lowered the price target on GitLab Inc (NASDAQ: GTLB) to $65.00 (from $75.00) while maintaining a Neutral rating.

The analyst commented: "GitLab reported a good quarter driven by improved buying behavior across its... More

GitLab Inc (GTLB) PT Lowered to $75 at UBS

UBS analyst Karl Keirstead lowered the price target on GitLab Inc (NASDAQ: GTLB) to $75.00 (from $81.00) while maintaining a Buy rating.... More

GitLab shares drop as 'less conservative' forecast disappoints investors

By Akash Sriram

(Reuters) -GitLab shares fell 16% on Tuesday after the software developer forecast full-year 2025 revenue and profit below Wall Street estimates, citing a cautious spending environment due to an uncertain economy.

CFO Brian Robbins said he expects GitLab's philosophy behind providing forecasts to be "less conservative" as the company enters its third year as a public firm.

Still, analysts and investors predicted stable growth for the company.

GitLab Inc (GTLB) PT Lowered to $75 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the price target on GitLab Inc (NASDAQ: GTLB) to $75.00 (from $87.00) while maintaining a Buy rating.... More

GitLab Inc (GTLB) PT Lowered to $70 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on GitLab Inc (NASDAQ: GTLB) to $70.00 (from $80.00) while maintaining a Overweight rating.... More

GitLab Inc (GTLB) PT Lowered to $85 at BofA Securities

BofA Securities analyst Koji Ikeda lowered the price target on GitLab Inc (NASDAQ: GTLB) to $85.00 (from $88.00) while maintaining a Buy rating.... More

GitLab dives 20% on profitability guide; analyst says market reaction is 'overblown'

GitLabs (NASDAQ: GTLB) shares are down more than 20% in premarket trading Tuesday after the software companys full-year profitability guidance missed Wall Streets estimates.

For the fiscal Q4 2024, GitLab reported earnings per share (EPS) of $0.15, surpassing the analyst forecast of $0.08. Revenue for the quarter reached $163.8 million, above the anticipated $157.89 million.

The company... More

GitLab Inc (GTLB) PT Raised to $76 at Bernstein

Bernstein analyst Peter Weed raised the price target on GitLab Inc (NASDAQ: GTLB) to $76.00 (from $71.00) while maintaining a Outperform rating.... More

After-hours movers: MicroStrategy, GitLab, AeroVironment and more

After-Hours Stock Movers:

MicroStrategy (Nasdaq: MSTR) declined 5.5% after it announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire... More

GitLab Inc (GTLB) Tops Q4 EPS by 7c, Guidance Misses

GitLab Inc (NASDAQ: GTLB) reported Q4 EPS of $0.15, $0.07 better than the analyst estimate of $0.08. Revenue for the quarter came in at $163.8 million versus the consensus estimate of $157.89 million.

GUIDANCE:

GitLab Inc sees Q1 2025 EPS of ($0.05)-($0.04), versus the consensus... More