Professional
Added to YB: 2024-06-06
Pitch date: 2024-06-04
GTLB [bullish]
GitLab Inc.
-12.31%
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
$45.07
Price Target
75.00 (+90%)
Dividend
N/A
EV/EBITDA
-72.55
P/E
-138.20
EV/Sales
5.97
Sector
Software
Category
growth
Show full summary:
GitLab Inc. (GTLB) Delivers Robust Q1 Results, Piper Reiterates Overweight with $75 Price Target
GTLB: Q1 beat on all metrics despite software earnings headwinds. CEO cancer treatment adds uncertainty, but strong FY guide raise (+$4M SSP headwind) signals momentum. Upside drivers: Duo Pro adoption, price hikes on Premium/Dedicated/Enterprise Agile Planning. Piper reiterates OW, $75 PT.
Read full article (1 min)