16 analysts have expressed a variety of opinions on GitLab GTLB over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 6 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 6 | 4 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $65.94, a high estimate of $80.00, and a low estimate of $50.00. Witnessing a positive shift, the current average has risen by 9.75% from the previous average price target of $60.08.
Interpreting Analyst Ratings: A Closer Look
The standing of GitLab among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Gil Luria | DA Davidson | Raises | Neutral | $75.00 | $60.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $75.00 | $70.00 |
| Gregg Moskowitz | Mizuho | Announces | Buy | $73.00 | - |
| Kash Rangan | Goldman Sachs | Raises | Buy | $80.00 | $70.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $70.00 | $62.00 |
| Nick Altmann | Scotiabank | Raises | Sector Outperform | $70.00 | $60.00 |
| Jonathan Ruykhaver | Cantor Fitzgerald | Raises | Overweight | $65.00 | $55.00 |
| Pinjalim Bora | JP Morgan | Raises | Neutral | $55.00 | $48.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $70.00 | $62.00 |
| J. Derrick Wood | TD Cowen | Raises | Outperform | $71.00 | $63.00 |
| Miller Jump | Truist Securities | Raises | Buy | $70.00 | $65.00 |
| Gregg Moskowitz | Mizuho | Raises | Neutral | $65.00 | $51.00 |
| Ryan Macwilliams | Barclays | Raises | Equal-Weight | $55.00 | $50.00 |
| Jonathan Ruykhaver | Cantor Fitzgerald | Announces | Overweight | $55.00 | - |
| Ryan Macwilliams | Barclays | Lowers | Equal-Weight | $50.00 | $65.00 |
| Gray Powell | BTIG | Announces | Buy | $56.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to GitLab. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of GitLab compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of GitLab's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of GitLab's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on GitLab analyst ratings.
Unveiling the Story Behind GitLab
GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
GitLab: Delving into Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: GitLab's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 32.47%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: GitLab's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -190.53%, the company may face hurdles in effective cost management.
Return on Equity (ROE): GitLab's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -42.87%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): GitLab's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -23.61%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.0, GitLab adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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