Professional
Added to YB: 2025-09-15
Pitch date: 2025-09-11
GTLB [bullish]
GitLab Inc.
-21.7%
current return
Author Info
No bio for this author
Company Info
GitLab Inc., together with its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Market Cap
$6.6B
Pitch Price
$50.47
Price Target
70.00 (+77%)
Dividend
N/A
EV/EBITDA
-72.55
P/E
-138.20
EV/Sales
5.97
Sector
Software
Category
growth
Guggenheim Initiates GitLab with Buy, $70 PT
GTLB: Guggenheim initiates Buy w/ $70 PT (43% upside). Leading DevSecOps platform w/ >95% gross retention, 90% gross margin. F2Q26: 29% rev growth, accelerating paid seat growth despite AI concerns. Duo AI suite competitive vs standalone tools. Est 27% FY26 growth (vs 24% consensus), 26% FY27 (vs 20% consensus). FCF margin expansion potential from current 21%.
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