
GitLab (GTLB) Stock Forecast & Price Target
GitLab (GTLB) Analyst Ratings
Bulls say
GitLab has demonstrated significant operational growth, as evidenced by a nearly six-fold increase in the weekly active usage of GitLab Duo and an uptick in Ultimate tier adoption, which now accounts for 54% of total annual recurring revenue (ARR). The company raised its FY26 revenue guidance to a range of $946 million to $947 million, reflecting a robust year-over-year growth of 25%, showcasing its ability to enhance performance despite ongoing challenges in the small and medium business (SMB) segment. Furthermore, the management's expectation of outperforming revenue growth through new customer acquisition and up-tiering existing customers highlights the potential for sustained financial success and increased investor confidence.
Bears say
GitLab Inc's outlook appears negative primarily due to concerns regarding execution and sales productivity, exacerbated by ongoing market weaknesses and challenges in acquiring new customers. The company's non-GAAP operating margin of 17.2%, while above guidance, reflects underlying volatility, and its trading multiple of 6.0x NTM EV/revenue indicates a significant discount relative to peers at 9.4x, suggesting potential overvaluation amid a slowdown. Furthermore, the recent dip in net new customers with over $5K annual recurring revenue, dropping to 137 from 234 in the prior quarter, highlights the difficulties GitLab faces in navigating current market headwinds and maintaining growth momentum.
This aggregate rating is based on analysts' research of GitLab and is not a guaranteed prediction by Public.com or investment advice.
GitLab (GTLB) Analyst Forecast & Price Prediction
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