Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-21
GTLB [bullish]
GitLab Inc.
-28.41%
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
$55.20
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:
GitLab (GTLB) Price Target Raised to $70 by Needham
GTLB: Needham upgrades to Buy, $70 PT. Broader offering w/ Ultimate strength from Duo Pro & Dedicated. Expects Enterprise adoption, compliance/security focus. Premium pricing changes to boost FY26 rev. Potential Q3 upside, strong incremental margins (~40% YTD). Analyst: Mike Cikos.
Read full article (1 min)