Gitlab lifts guidance as Q2 results top estimates amid margin expansion
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William Blair Reiterates Outperform Rating on GitLab Inc (GTLB)
September 4, 2024 6:38 AM EDTWilliam Blair analyst Jason Ader reiterated an Outperform rating on GitLab Inc (NASDAQ: GTLB).
The analyst comments "Tool Consolidation Trend Remains Strong. GitLab emphasized its success in helping customers replace point solutions across the DevSecOps toolchain and driving ROI, accelerated release cycles, and significant... More
GitLab Inc (GTLB) PT Raised to $60 at RBC Capital
September 4, 2024 6:25 AM EDTRBC Capital analyst Matthew Hedberg raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Outperform rating.
The analyst comments "GitLab delivered strong results with a better beat vs. last quarter and impressive margin expansion. We liked hearing... More
Needham Reiterates Hold Rating on GitLab Inc (GTLB)
September 4, 2024 6:21 AM EDTNeedham analyst Mike Cikos reiterated a Hold rating on GitLab Inc (NASDAQ: GTLB).
The analyst comments "GitLab reported a solid quarter with Revenue outperformance better-aligning to management's targeted ~3%-5% upside, in comparison to the skinnier beat last quarter. The company is seeing traction with... More
GitLab Inc (GTLB) PT Raised to $60 at Cantor Fitzgerald
September 4, 2024 6:19 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Overweight rating.
The analyst comments "We reiterate our Overweight rating and raising our 12-month price target from $55 to $60 on a clean F2Q25 print.... More
GitLab Inc (GTLB) PT Raised to $75 at Wells Fargo
September 4, 2024 5:29 AM EDTWells Fargo analyst Michael Turrin raised the price target on GitLab Inc (NASDAQ: GTLB) to $75.00 (from $70.00) while maintaining a Overweight rating.
The analyst comments "Results were solid, w/ FY raise > Q2 rev beat & leading indicators (billings, bookings, cRPO) growing >40%. See GTLB striking right chord... More
GitLab Inc (GTLB) PT Raised to $68 at BofA Securities
September 4, 2024 5:24 AM EDTBofA Securities analyst Koji Ikeda raised the price target on GitLab Inc (NASDAQ: GTLB) to $68.00 (from $66.00) while maintaining a Buy rating.
The analyst comments "GitLab (GTLB) reported strong F2Q25 results with total revenue and non-GAAP operating income above our/Street estimates. FY25... More
GitLab Inc (GTLB) PT Raised to $63 at BTIG
September 4, 2024 5:10 AM EDTBTIG analyst Gary Powell raised the price target on GitLab Inc (NASDAQ: GTLB) to $63.00 (from $58.00) while maintaining a Buy rating.
The analyst comments "GTLB delivered very strong FQ2 results and increased its guidance for FY25. Most notably, GTLB posted revenue of $182.6MM / +30.8% y/y about 3% ahead of our estimate of $176.8MM /... More
Goldman Sachs Reiterates Buy Rating on GitLab Inc (GTLB)
September 4, 2024 5:05 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $80.00 price target on GitLab Inc (NASDAQ: GTLB).
The analyst comments "We reiterate our Buy rating and $80 PT following GitLabs 2Q25 outperformance, with revenue growth +31% (Consensus +27%), OPM of 10% (Consensus 6%), and raised guidance, with a true revenue raise (+0.3% ex. beat) and OPM raised +300bps. GitLab is +15% AH as investor concerns about near-term execution risk and macro uncertainty have largely been alleviated.... More
GitLab Inc (GTLB) PT Raised to $62 at Mizuho
September 4, 2024 5:02 AM EDTMizuho analyst Gregg Moskowitz raised the price target on GitLab Inc (NASDAQ: GTLB) to $62.00 (from $58.00) while maintaining a Outperform rating.
The analyst comments "GTLB reported a clearly better than expected F2Q, as revenue growth of 31% Y/Y came in well above our... More
