GitLab Inc. (GTLB)
NASDAQ: GTLB · Real-Time Price · USD
66.62
+1.82 (2.81%)
At close: Nov 22, 2024, 4:00 PM
66.85
+0.23 (0.35%)
After-hours: Nov 22, 2024, 7:25 PM EST
GitLab Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for GitLab stock have an average target of 66.19, with a low estimate of 50 and a high estimate of 80. The average target predicts a decrease of -0.65% from the current stock price of 66.62.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for GitLab stock from 26 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 10 | 10 | 11 | 11 |
| Buy | 12 | 12 | 12 | 12 | 12 | 11 |
| Hold | 5 | 5 | 5 | 5 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 27 | 27 | 27 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $63 → $70 | Strong Buy | Maintains | $63 → $70 | +5.07% | Nov 21, 2024 |
| Needham | Needham | Hold → Strong Buy Upgrades $70 | Hold → Strong Buy | Upgrades | $70 | +5.07% | Oct 21, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $50 | Hold | Maintains | $50 | -24.95% | Oct 14, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Initiates $70 | Buy | Initiates | $70 | +5.07% | Oct 9, 2024 |
| Barclays | Barclays | Hold Maintains $50 → $55 | Hold | Maintains | $50 → $55 | -17.44% | Sep 5, 2024 |
Financial Forecast
Revenue This Year
759.19M
from 579.91M
Increased by 30.92%
Revenue Next Year
944.20M
from 759.19M
Increased by 24.37%
EPS This Year
0.48
from -2.75
EPS Next Year
0.66
from 0.48
Increased by 37.69%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 794.9M | 1.0B | 1.3B | ||
| Avg | 759.2M | 944.2M | 1.2B | ||
| Low | 727.7M | 878.4M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.1% | 34.2% | 33.0% | ||
| Avg | 30.9% | 24.4% | 23.1% | ||
| Low | 25.5% | 15.7% | 9.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.53 | 1.08 | 1.34 | |
| Avg | 0.48 | 0.66 | 0.91 | |
| Low | 0.44 | 0.46 | 0.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 126.5% | 104.4% | |
| Avg | - | 37.7% | 38.4% | |
| Low | - | -3.6% | -1.6% |
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.