GitLab Inc.
GTLB
$42.62
-1.68%
GitLab Inc. operates a complete DevSecOps platform delivered as a single application, spanning the entire software development lifecycle from planning to monitoring. The company competes in the DevOps platform market, primarily against Microsoft's GitHub, and differentiates itself through its all-remote model and unified codebase. Currently, GitLab is in the spotlight as it navigates a strategic shift toward AI-powered development tools, with recent earnings beats and raised guidance fueling optimism about a potential turnaround. However, investor debate persists over its competitive positioning in the AI landscape and its ability to sustain growth amid broader market volatility.…
GTLB
GitLab Inc.
$42.62
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GTLB 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on GitLab Inc.'s 12-month outlook, with a consensus price target around $34.48 and implied upside of -19.1% versus the current price.
Average Target
$34.48
0 analysts
Implied Upside
-19.1%
vs. current price
Analyst Count
—
covering this stock
Price Range
$25 - $60
Analyst target range
The target price range spans from a low of $25.00 to a high of $60.00, representing a wide spread of 140% between the low and high. The high target of $60 implies a 68% upside from the current price, suggesting that some analysts see significant potential if GitLab successfully executes on its AI strategy and accelerates growth. Conversely, the low target of $25 implies a 30% downside, reflecting concerns about competitive pressures from Microsoft and potential margin compression. The wide range indicates high uncertainty about the company's future trajectory, with recent ratings showing no major upgrades or downgrades, as most firms have maintained their previous stances. This suggests that analysts are waiting for more evidence of sustained profitability before adjusting their outlooks.
GTLB Technical Analysis
GitLab's stock has experienced a volatile year, with a 1-year price change of -18.46%, reflecting a significant decline from its 52-week high of $52.38. The current price of $35.68 sits at 54.2% of the 52-week range (calculated as (35.68 - 18.73) / (52.38 - 18.73)), indicating a recovery from the lows but still well below the highs. This positioning suggests the stock is in a recovery phase, having bounced off its 52-week low of $18.73, but it remains in a longer-term downtrend relative to its peak.
Beta
0.94
0.94x market volatility
Max Drawdown
-62.0%
Largest decline past year
52-Week Range
$19-$52
Price range past year
Annual Return
+4.1%
Cumulative gain past year
| Period | GTLB Return | S&P 500 |
|---|---|---|
| 1m | +29.8% | +2.9% |
| 3m | +80.1% | +5.0% |
| 6m | +44.2% | +13.9% |
| 1y | +4.1% | +20.4% |
| ytd | +17.8% | +13.8% |
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GTLB Fundamental Analysis
GitLab's revenue trajectory is robust, with the most recent quarter (Q1 FY2027, ending April 30, 2026) reporting revenue of $264.158 million, a 23.15% year-over-year growth. This growth rate is consistent with the prior quarters: Q4 FY2026 revenue was $260.402 million (up from $211.431 million a year earlier), Q3 FY2026 was $244.353 million, and Q2 FY2026 was $235.960 million. The growth is accelerating sequentially, with Q1 FY2027 showing the highest quarterly revenue yet, driven by strong demand for its subscription and SaaS offerings, which contributed $239.306 million in the quarter. This consistent double-digit growth underscores the company's expanding market presence in the DevOps platform space.
Quarterly Revenue
$264158000.0B
2026-04
Revenue YoY Growth
+23.2%
YoY Comparison
Gross Margin
85.8%
Latest Quarter
Free Cash Flow
$263443000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is GTLB Overvalued?
Given GitLab's negative trailing net income (EPS of -$0.0096), the price-to-sales (PS) ratio is the most appropriate valuation metric, as PE ratios are not meaningful for unprofitable companies. The current PS ratio is 6.07x, while the forward PE is 34.67x, implying that the market expects significant earnings growth ahead. The gap between the trailing negative earnings and the forward PE suggests that investors are pricing in a substantial improvement in profitability, likely driven by the company's AI initiatives and operating leverage.
PE
-99.9x
Latest Quarter
vs. Historical
N/A
5-Year PE Range 17x~59x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
-151.7x
Enterprise Value Multiple