GitLab (GTLB) Stock Forecast, Price Target & Predictions
GTLB Stock Forecast
GitLab stock forecast is as follows: an average price target of $63.20 (represents a 15.98% upside from GTLB’s last price of $54.49) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
GTLB Price Target
The average price target for GitLab (GTLB) is $63.20 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $45.56. This represents a potential 15.98% upside from GTLB's last price of $54.49.
GTLB Analyst Ratings
According to 23 Wall Street analysts, GitLab's rating consensus is 'Buy'. The analyst rating breakdown for GTLB stock is 0 'Strong Buy' (0.00%), 18 'Buy' (78.26%), 5 'Hold' (21.74%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
GitLab Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 05, 2024 | Ryan MacWilliams | Barclays | $55.00 | $54.35 | 1.20% | 0.94% |
| Sep 04, 2024 | Janice Quek | CFRA | $60.00 | $55.92 | 7.30% | 10.11% |
| Sep 04, 2024 | Jason Celino | Loop Capital Markets | $62.00 | $54.20 | 14.39% | 13.78% |
| Sep 04, 2024 | Koji Ikeda | Bank of America Securities | $68.00 | $44.68 | 52.19% | 24.79% |
| Sep 04, 2024 | Gray Powell | BTIG | $63.00 | $44.68 | 41.00% | 15.62% |
| Sep 03, 2024 | Gray Powell | BTIG | $58.00 | $47.40 | 22.36% | 6.44% |
| Aug 27, 2024 | Koji Ikeda | Bank of America Securities | $66.00 | $46.59 | 41.66% | 21.12% |
| Aug 26, 2024 | Shrenik Kothari | Robert W. Baird | $59.00 | $47.30 | 24.74% | 8.28% |
| Jun 05, 2024 | Kingsley Crane | Canaccord Genuity | $65.00 | $44.75 | 45.25% | 19.29% |
| Jun 04, 2024 | Gil Luria | D.A. Davidson | $50.00 | $47.07 | 6.22% | -8.24% |
The latest GitLab stock forecast, released on Sep 05, 2024 by Ryan MacWilliams from Barclays, set a price target of $55.00, which represents a 1.20% increase from the stock price at the time of the forecast ($54.35), and a 0.94% increase from GTLB last price ($54.49).
GitLab Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 8 | 8 | 25 |
| Avg Price Target | $61.38 | $61.38 | $65.48 |
| Last Closing Price | $54.49 | $54.49 | $54.49 |
| Upside/Downside | 12.64% | 12.64% | 20.17% |
In the current month, the average price target of GitLab stock is $61.38, according to 8 Wall Street analysts offering twelve months forecast. The average price target represents a 12.64% increase as opposed to GitLab's last price of $54.49. This month's average price target is down 0.00% compared to last quarter, and down -6.26% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 05, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 04, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Sep 04, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 04, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Sep 04, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Sep 04, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 04, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 03, 2024 | BTIG | Buy | Buy | Hold |
| Sep 03, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 27, 2024 | RBC Capital | Buy | Buy | Hold |
GitLab's last stock rating was published by Barclays on Sep 05, 2024. The company gave GTLB a "Equal-Weight" rating, the same as its previous rate.
GitLab Financial Forecast
GitLab Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $163.78M | $149.67M | $139.58M | - | $122.91M | $112.98M | $101.04M | $87.41M | $77.80M |
| Avg Forecast | $310.91M | $287.71M | $277.76M | $263.40M | $253.33M | $233.99M | $225.16M | $210.99M | $204.40M | $187.90M | $176.86M | $165.89M | $157.89M | $141.00M | $129.81M | $117.84M | $119.59M | $106.01M | $94.40M | $77.81M | $70.29M |
| High Forecast | $316.38M | $292.77M | $282.65M | $268.03M | $257.79M | $238.11M | $229.12M | $214.70M | $204.78M | $188.30M | $179.97M | $168.81M | $160.66M | $151.81M | $132.10M | $119.92M | $121.70M | $107.87M | $96.88M | $93.37M | $84.35M |
| Low Forecast | $309.85M | $286.73M | $276.81M | $262.50M | $252.47M | $233.20M | $224.39M | $210.27M | $204.12M | $187.72M | $176.25M | $165.32M | $157.35M | $139.90M | $129.37M | $117.44M | $119.19M | $105.64M | $93.97M | $62.25M | $56.23M |
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 15 | 7 | 7 | 9 | 19 | 9 | 9 | 13 | 13 | 16 | 18 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.06% | 1.08% | - | 1.03% | 1.07% | 1.07% | 1.12% | 1.11% |
GitLab's average Quarter revenue forecast for May 24 based on 7 analysts is $165.89M, with a low forecast of $165.32M, and a high forecast of $168.81M. GTLB's average Quarter revenue forecast represents a 1.29% increase compared to the company's last Quarter revenue of $163.78M (Jan 24).
GitLab EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 15 | 7 | 7 | 9 | 19 | 9 | 9 | 13 | 13 | 16 | 18 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-31.42M | $-40.27M | $-52.40M | - | $-44.65M | $-55.46M | $-63.98M | $-41.73M | $-47.20M |
| Avg Forecast | $-204.50M | $-189.24M | $-182.70M | $-173.25M | $-166.63M | $-153.91M | $-148.10M | $-138.78M | $-134.44M | $-123.59M | $-116.33M | $-109.11M | $-103.85M | $-92.74M | $-85.39M | $-77.51M | $-78.66M | $-69.73M | $-62.09M | $-64.19M | $-54.28M |
| High Forecast | $-203.80M | $-188.60M | $-182.08M | $-172.66M | $-166.06M | $-153.39M | $-147.60M | $-138.31M | $-134.26M | $-123.47M | $-115.93M | $-108.74M | $-103.50M | $-92.02M | $-85.10M | $-77.25M | $-78.40M | $-69.49M | $-61.81M | $-51.35M | $-43.42M |
| Low Forecast | $-208.10M | $-192.57M | $-185.91M | $-176.30M | $-169.56M | $-156.62M | $-150.71M | $-141.22M | $-134.69M | $-123.86M | $-118.37M | $-111.03M | $-105.68M | $-99.86M | $-86.89M | $-78.87M | $-80.05M | $-70.95M | $-63.73M | $-77.03M | $-65.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.30% | 0.43% | 0.61% | - | 0.57% | 0.80% | 1.03% | 0.65% | 0.87% |
undefined analysts predict GTLB's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than GitLab's previous annual EBITDA (undefined) of $NaN.
GitLab Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 15 | 7 | 7 | 9 | 19 | 9 | 9 | 13 | 13 | 16 | 18 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-36.47M | $-285.16M | $-50.08M | - | $-42.12M | $-50.47M | $-61.50M | $-26.61M | $-46.76M |
| Avg Forecast | $42.99M | $39.22M | $37.62M | $24.70M | $32.79M | $28.72M | $26.67M | $18.12M | $23.59M | $25.63M | $16.48M | $-6.76M | $13.72M | $-1.51M | $-4.66M | $-23.73M | $-23.45M | $-25.59M | $-36.46M | $-62.27M | $-53.25M |
| High Forecast | $43.97M | $40.12M | $38.48M | $25.27M | $33.54M | $29.38M | $27.28M | $18.53M | $24.13M | $27.34M | $16.86M | $-6.73M | $14.04M | $6.03M | $-4.64M | $-23.62M | $-23.35M | $-25.48M | $-36.24M | $-49.81M | $-42.60M |
| Low Forecast | $42.80M | $39.05M | $37.46M | $24.59M | $32.64M | $28.59M | $26.55M | $18.04M | $21.91M | $25.52M | $16.41M | $-6.92M | $13.66M | $-3.01M | $-4.77M | $-24.27M | $-23.99M | $-26.17M | $-37.71M | $-74.72M | $-63.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.66% | 189.19% | 10.74% | - | 1.80% | 1.97% | 1.69% | 0.43% | 0.88% |
GitLab's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. GTLB's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
GitLab SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 15 | 7 | 7 | 9 | 19 | 9 | 9 | 13 | 13 | 16 | 18 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $128.38M | $125.79M | $129.94M | - | $111.26M | $114.27M | $113.79M | $88.60M | $80.57M |
| Avg Forecast | $385.35M | $356.60M | $344.27M | $326.47M | $313.99M | $290.02M | $279.07M | $261.51M | $253.34M | $232.89M | $219.20M | $205.61M | $195.69M | $174.76M | $160.90M | $146.06M | $148.23M | $131.39M | $117.00M | $96.38M | $87.07M |
| High Forecast | $392.13M | $362.87M | $350.33M | $332.21M | $319.52M | $295.13M | $283.98M | $266.11M | $253.81M | $233.39M | $223.06M | $209.23M | $199.14M | $188.16M | $163.73M | $148.63M | $150.84M | $133.70M | $120.08M | $115.66M | $104.48M |
| Low Forecast | $384.04M | $355.38M | $343.10M | $325.36M | $312.92M | $289.03M | $278.12M | $260.62M | $252.99M | $232.67M | $218.46M | $204.91M | $195.03M | $173.40M | $160.35M | $145.56M | $147.73M | $130.94M | $116.47M | $77.11M | $69.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.72% | 0.81% | - | 0.75% | 0.87% | 0.97% | 0.92% | 0.93% |
GitLab's average Quarter SG&A projection for May 24 is $205.61M, based on 7 Wall Street analysts, with a range of $204.91M to $209.23M. The forecast indicates a 60.16% rise compared to GTLB last annual SG&A of $128.38M (Jan 24).
GitLab EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 15 | 7 | 7 | 9 | 19 | 9 | 9 | 13 | 13 | 16 | 18 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.23 | $-1.84 | $-0.33 | - | $-0.28 | $-0.34 | $-0.42 | $-0.18 | $-0.32 |
| Avg Forecast | $0.26 | $0.24 | $0.23 | $0.15 | $0.20 | $0.17 | $0.16 | $0.11 | $0.14 | $0.15 | $0.10 | $-0.04 | $0.08 | $-0.01 | $-0.03 | $-0.14 | $-0.14 | $-0.15 | $-0.23 | $1.43 | $1.89 |
| High Forecast | $0.26 | $0.24 | $0.23 | $0.15 | $0.20 | $0.18 | $0.16 | $0.11 | $0.15 | $0.16 | $0.10 | $-0.04 | $0.08 | $0.04 | $-0.03 | $-0.14 | $-0.14 | $-0.15 | $-0.23 | $1.52 | $2.01 |
| Low Forecast | $0.26 | $0.23 | $0.23 | $0.15 | $0.20 | $0.17 | $0.16 | $0.11 | $0.13 | $0.15 | $0.10 | $-0.04 | $0.08 | $-0.02 | $-0.03 | $-0.15 | $-0.14 | $-0.16 | $-0.24 | $1.35 | $1.79 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.79% | 203.07% | 11.78% | - | 1.99% | 2.21% | 1.82% | -0.13% | -0.17% |
According to undefined Wall Street analysts, GitLab's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to GTLB previous annual EPS of $NaN (undefined).
GitLab Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| U | Unity Software | $19.91 | $64.97 | 226.32% | Hold |
| BILL | Bill.com | $51.91 | $149.26 | 187.54% | Buy |
| ZI | ZoomInfo | $10.62 | $28.20 | 165.54% | Buy |
| ASAN | Asana | $12.12 | $24.93 | 105.69% | Buy |
| SNOW | Snowflake | $113.67 | $206.83 | 81.96% | Buy |
| TEAM | Atlassian | $163.74 | $237.67 | 45.15% | Buy |
| DDOG | Datadog | $109.26 | $138.49 | 26.75% | Buy |
| DOCU | DocuSign | $56.63 | $68.93 | 21.72% | Hold |
| HUBS | HubSpot | $491.17 | $595.44 | 21.23% | Buy |
| GTLB | GitLab | $54.49 | $63.20 | 15.98% | Buy |
| WDAY | Workday | $250.05 | $264.91 | 5.94% | Buy |
| MNDY | monday | $255.73 | $269.92 | 5.55% | Buy |
| TTD | Trade Desk | $106.06 | $107.41 | 1.27% | Buy |
| NOW | ServiceNow | $878.95 | $728.75 | -17.09% | Buy |
GTLB Forecast FAQ
Is GitLab a good buy?
Yes, according to 23 Wall Street analysts, GitLab (GTLB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 78.26% of GTLB's total ratings.
What is GTLB's price target?
GitLab (GTLB) average price target is $63.2 with a range of $45.56 to $80, implying a 15.98% from its last price of $54.49. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will GitLab stock go up soon?
According to Wall Street analysts' prediction for GTLB stock, the company can go up by 15.98% (from the last price of $54.49 to the average price target of $63.2), up by 46.82% based on the highest stock price target, and down by -16.39% based on the lowest stock price target.
Can GitLab stock reach $80?
GTLB's average twelve months analyst stock price target of $63.2 does not support the claim that GitLab can reach $80 in the near future.
What is GitLab's current price target trend?
8 Wall Street analysts forecast a $61.38 price target for GitLab (GTLB) this month, up 12.64% from its last price of $54.49. Compared to the last 3 and 12 months, the average price target increased by 12.64% and increased by 20.17%, respectively.
What are GitLab's analysts' financial forecasts?
GitLab's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $923.47M (high $939.72M, low $920.33M), average EBITDA is $-607M (high $-605M, low $-618M), average net income is $106.29M (high $108.72M, low $105.82M), average SG&A $1.14B (high $1.16B, low $1.14B), and average EPS is $0.639 (high $0.654, low $0.636). GTLB's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $1.14B (high $1.16B, low $1.14B), average EBITDA is $-750M (high $-747M, low $-763M), average net income is $144.54M (high $147.84M, low $143.9M), average SG&A $1.41B (high $1.44B, low $1.41B), and average EPS is $0.869 (high $0.889, low $0.865).
Did the GTLB's actual financial results beat the analysts' financial forecasts?
Based on GitLab's last annual report (Jan 2024), the company's revenue was $579.91M, beating the average analysts forecast of $546.54M by 6.11%. Apple's EBITDA was $-171M, missing the average prediction of $-359M by -52.50%. The company's net income was $-424M, beating the average estimation of $-16.171M by 2523.08%. Apple's SG&A was $499.12M, missing the average forecast of $677.41M by -26.32%. Lastly, the company's EPS was $-2.75, beating the average prediction of $-0.0972 by 2728.87%. In terms of the last quarterly report (Jan 2024), GitLab's revenue was $163.78M, beating the average analysts' forecast of $157.89M by 3.73%. The company's EBITDA was $-31.417M, missing the average prediction of $-104M by -69.75%. GitLab's net income was $-36.467M, missing the average estimation of $13.72M by -365.73%. The company's SG&A was $128.38M, missing the average forecast of $195.69M by -34.40%. Lastly, the company's EPS was $-0.23, missing the average prediction of $0.0825 by -378.79%