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GitLab Inc. (GTLB)
NASDAQ: GTLB · IEX Real-Time Price · USD
53.57
+0.56 (1.06%)
At close: Jul 19, 2024, 4:00 PM
53.61
+0.04 (0.07%)
Pre-market: Jul 22, 2024, 7:15 AM EDT

GitLab Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for GitLab stock have an average target of 66.56, with a low estimate of 50 and a high estimate of 80. The average target predicts an increase of 24.25% from the current stock price of 53.57.

Analyst Consensus: Buy
Target Low Average Median High
Price $50 $66.56 $70 $80
Change -6.66% +24.25% +30.67% +49.34%

Analyst Ratings

The average analyst rating for GitLab stock from 26 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 1089999
Buy 71012121212
Hold 543355
Sell 000000
Strong Sell 000000
Total 222224242626

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Matthew Hedberg
RBC Capital
 RBC Capital
Buy
Reiterates
$65
 Buy Reiterates $65 +21.34% Jul 18, 2024
Mike Cikos
Needham
 Needham
Hold
Reiterates
n/a
 Hold Reiterates n/a n/a Jul 17, 2024
Matthew Hedberg
RBC Capital
 RBC Capital
Buy
Reiterates
$65
 Buy Reiterates $65 +21.34% Jun 28, 2024
Kingsley Crane
Canaccord Genuity
 Canaccord Genuity
Strong Buy
Maintains
$74 → $65
 Strong Buy Maintains $74 → $65 +21.34% Jun 5, 2024
Gray Powell
BTIG
 BTIG
Strong Buy
Maintains
$71 → $58
 Strong Buy Maintains $71 → $58 +8.27% Jun 4, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
751.32M
from 579.91M
Increased by 29.56%
Revenue Next Year
935.54M
from 751.32M
Increased by 24.52%
EPS This Year
0.37
from -2.75
EPS Next Year
0.56
from 0.37
Increased by 50.73%
Year 2019202020212022202320242025202620272028
Revenue
81.23M152.18M252.65M424.34M579.91M751.32M935.54M1.18B1.35B1.63B
Revenue Growth
-87.35%66.03%67.95%36.66%29.56%24.52%26.45%14.45%20.24%
EPS
-2.76-3.82-1.95-1.16-2.750.370.560.850.85-
EPS Growth
------50.73%52.15%-0.31%-
Forward PE
-----144.6695.9763.0863.28-
No. Analysts -----2625833
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 794.2M 1.0B 1.4B 1.4B 1.7B
Avg 751.3M 935.5M 1.2B 1.4B 1.6B
Low 719.8M 867.5M 1.0B 1.3B 1.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
37.0%
35.6%
50.4%
17.8%
23.8%
Avg
29.6%
24.5%
26.5%
14.5%
20.2%
Low
24.1%
15.5%
10.5%
10.0%
15.5%

EPS Forecast

EPS 2024202520262027
High 0.42 0.95 1.28 0.87
Avg 0.37 0.56 0.85 0.85
Low 0.33 0.39 0.56 0.81

EPS Growth

EPS Growth 2024202520262027
High -
155.2%
128.7%
2.6%
Avg -
50.7%
52.1%
-0.3%
Low -
5.9%
0.1%
-4.2%
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.