Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-09
GTLB [bullish]
GitLab Inc.
-25.78%
current return
Author Info
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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
$53.25
Price Target
70.00 (+77%)
Dividend
N/A
EV/EBITDA
-72.55
P/E
-138.20
EV/Sales
5.97
Sector
Software
Category
growth
Show full summary:
Morgan Stanley: GitLab Well-Positioned for Platform Adoption, Initiates Coverage at Overweight and $70 Target
GTLB: Morgan Stanley initiates OW, PT $70. Expect shift from fragmented best-of-breed to platform approach in software dev market. Drivers: integration costs, productivity loss from multiple apps, IT budget constraints. GitLab well-positioned to benefit from this trend.
Read full article (1 min)