GitLab Inc. (GTLB)
NASDAQ: GTLB · IEX Real-Time Price · USD
56.26
-0.24 (-0.42%)
At close: May 17, 2024, 4:00 PM
56.39
+0.13 (0.23%)
After-hours: May 17, 2024, 7:55 PM EDT
GitLab Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for GitLab stock have an average target of 70.92, with a low estimate of 55 and a high estimate of 85. The average target predicts an increase of 26.06% from the current stock price of 56.26.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for GitLab stock from 24 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 10 | 10 | 8 | 9 | 9 |
| Buy | 7 | 7 | 7 | 10 | 12 | 12 |
| Hold | 7 | 6 | 5 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 23 | 22 | 22 | 24 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Strong Buy Maintains $75 → $70 | Strong Buy | Maintains | $75 → $70 | +24.42% | May 17, 2024 |
| Raymond James | Raymond James | Hold → Buy Upgrades $70 | Hold → Buy | Upgrades | $70 | +24.42% | Apr 12, 2024 |
| Wells Fargo | Wells Fargo | Buy Initiates $70 | Buy | Initiates | $70 | +24.42% | Apr 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $80 | Strong Buy | Reiterates | $80 | +42.20% | Apr 1, 2024 |
| Keybanc | Keybanc | Buy Initiates $70 | Buy | Initiates | $70 | +24.42% | Mar 19, 2024 |
Financial Forecast
Revenue This Year
746.44M
from 579.91M
Increased by 28.72%
Revenue Next Year
933.07M
from 746.44M
Increased by 25.00%
EPS This Year
0.23
from -2.75
EPS Next Year
0.45
from 0.23
Increased by 100.34%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 799.6M | 1.0B | 1.4B | 1.5B | 1.8B |
| Avg | 746.4M | 933.1M | 1.2B | 1.4B | 1.7B |
| Low | 712.8M | 855.2M | 1.1B | 1.4B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.9% | 37.2% | 53.2% | 21.7% | 24.9% |
| Avg | 28.7% | 25.0% | 29.0% | 18.2% | 21.4% |
| Low | 22.9% | 14.6% | 15.4% | 13.5% | 16.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.47 | 0.84 | 2.26 | 0.90 | 1.30 |
| Avg | 0.23 | 0.45 | 0.97 | 0.88 | 1.26 |
| Low | 0.17 | 0.24 | 0.54 | 0.84 | 1.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 270.4% | 396.9% | -7.3% | 48.4% |
| Avg | - | 100.3% | 114.5% | -10.0% | 44.2% |
| Low | - | 3.7% | 18.6% | -13.5% | 38.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.