GitLab (GTLB) Stock Forecast, Price Target & Predictions
GTLB Stock Forecast
GitLab stock forecast is as follows: an average price target of $63.63 (represents a 2.38% upside from GTLB’s last price of $62.15) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.
GTLB Price Target
The average price target for GitLab (GTLB) is $63.63 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $45.56. This represents a potential 2.38% upside from GTLB's last price of $62.15.
GTLB Analyst Ratings
According to 24 Wall Street analysts, GitLab's rating consensus is 'Buy'. The analyst rating breakdown for GTLB stock is 0 'Strong Buy' (0.00%), 20 'Buy' (83.33%), 4 'Hold' (16.67%), 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 |
|---|---|---|---|---|---|---|
| Oct 09, 2024 | Sanjit Singh | Morgan Stanley | $70.00 | $49.97 | 40.08% | 12.63% |
| Sep 05, 2024 | Ryan MacWilliams | Barclays | $55.00 | $54.35 | 1.20% | -11.50% |
| Sep 04, 2024 | Janice Quek | CFRA | $60.00 | $55.92 | 7.30% | -3.46% |
| Sep 04, 2024 | Jason Celino | Loop Capital Markets | $62.00 | $54.20 | 14.39% | -0.24% |
| Sep 04, 2024 | Koji Ikeda | Bank of America Securities | $68.00 | $44.68 | 52.19% | 9.41% |
| Sep 04, 2024 | Gray Powell | BTIG | $63.00 | $44.68 | 41.00% | 1.37% |
| Sep 03, 2024 | Gray Powell | BTIG | $58.00 | $47.40 | 22.36% | -6.68% |
| Aug 27, 2024 | Koji Ikeda | Bank of America Securities | $66.00 | $46.59 | 41.66% | 6.19% |
| Aug 26, 2024 | Shrenik Kothari | Robert W. Baird | $59.00 | $47.30 | 24.74% | -5.07% |
| Jun 05, 2024 | Kingsley Crane | Canaccord Genuity | $65.00 | $44.75 | 45.25% | 4.59% |
The latest GitLab stock forecast, released on Oct 09, 2024 by Sanjit Singh from Morgan Stanley, set a price target of $70.00, which represents a 40.08% increase from the stock price at the time of the forecast ($49.97), and a 12.63% increase from GTLB last price ($62.15).
GitLab Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 26 |
| Avg Price Target | - | $62.33 | $65.65 |
| Last Closing Price | $62.15 | $62.15 | $62.15 |
| Upside/Downside | -100.00% | 0.29% | 5.63% |
In the current month, the average price target of GitLab stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to GitLab's last price of $62.15. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Needham | Buy | Neutral | Upgrade |
| Oct 21, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Oct 21, 2024 | Needham | Hold | Buy | Upgrade |
| Oct 09, 2024 | Wells Fargo | Buy | Buy | Hold |
| Oct 09, 2024 | Morgan Stanley | Neutral | Overweight | Initialise |
| 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 |
GitLab's last stock rating was published by Needham on Oct 21, 2024. The company Upgrade its GTLB rating from "Buy" to "Neutral".
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 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $163.78M | $149.67M | $139.58M | - | $122.91M | $112.98M | $101.04M | - | $77.80M | $66.80M |
| Avg Forecast | $309.14M | $286.32M | $275.83M | $262.03M | $253.19M | $234.14M | $225.18M | $211.00M | $204.38M | $187.87M | $176.86M | $165.89M | $157.89M | $141.00M | $129.81M | $117.84M | $119.59M | $106.01M | $94.40M | $78.11M | $70.29M | $59.26M |
| High Forecast | $323.01M | $299.17M | $288.21M | $273.79M | $264.56M | $244.65M | $235.28M | $220.47M | $210.20M | $188.24M | $176.86M | $165.89M | $158.07M | $151.81M | $135.64M | $123.13M | $124.96M | $109.35M | $97.38M | $80.57M | $72.51M | $61.13M |
| Low Forecast | $305.48M | $282.93M | $272.57M | $258.94M | $250.20M | $231.37M | $222.51M | $208.51M | $203.14M | $187.66M | $176.85M | $165.89M | $157.71M | $139.90M | $128.28M | $116.45M | $118.18M | $105.39M | $93.85M | $77.66M | $69.88M | $58.92M |
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 16 | 10 | 14 | 9 | 19 | 9 | 9 | 13 | 13 | 17 | 8 | 8 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.06% | 1.08% | - | 1.03% | 1.07% | 1.07% | - | 1.11% | 1.13% |
GitLab's average Quarter revenue forecast for May 24 based on 14 analysts is $165.89M, with a low forecast of $165.89M, and a high forecast of $165.89M. 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 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 16 | 10 | 14 | 9 | 19 | 9 | 9 | 13 | 13 | 17 | 8 | 8 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-31.42M | $-40.27M | $-52.40M | - | $-44.65M | $-55.46M | $-63.98M | - | $-47.20M | $-42.02M |
| Avg Forecast | $-143.06M | $-132.50M | $-127.65M | $-121.26M | $-117.17M | $-108.35M | $-104.21M | $-97.65M | $-94.58M | $-86.94M | $-81.84M | $-76.77M | $-73.07M | $-65.25M | $-60.08M | $-54.53M | $-55.35M | $-69.73M | $-62.09M | $-64.19M | $-54.28M | $-38.98M |
| High Forecast | $-141.37M | $-130.94M | $-126.14M | $-119.83M | $-115.79M | $-107.07M | $-102.97M | $-96.49M | $-94.01M | $-86.84M | $-81.84M | $-76.77M | $-72.98M | $-64.74M | $-59.37M | $-53.89M | $-54.69M | $-69.32M | $-61.73M | $-51.35M | $-43.42M | $-38.75M |
| Low Forecast | $-149.48M | $-138.45M | $-133.38M | $-126.71M | $-122.43M | $-113.22M | $-108.88M | $-102.03M | $-97.28M | $-87.11M | $-81.85M | $-76.77M | $-73.15M | $-70.26M | $-62.77M | $-56.98M | $-57.83M | $-71.93M | $-64.05M | $-77.03M | $-65.13M | $-40.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.62% | 0.87% | - | 0.81% | 0.80% | 1.03% | - | 0.87% | 1.08% |
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 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 16 | 10 | 14 | 9 | 19 | 9 | 9 | 13 | 13 | 17 | 8 | 8 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-36.47M | $-285.16M | $-50.08M | - | $-42.12M | $-50.47M | $-61.50M | - | $-46.76M | $-41.75M |
| Avg Forecast | $43.31M | $39.34M | $37.18M | $23.64M | $33.00M | $28.92M | $26.75M | $18.06M | $23.57M | $25.71M | $16.48M | $-6.76M | $13.72M | $-1.51M | $-4.66M | $-23.73M | $-23.45M | $-25.59M | $-38.35M | $-62.27M | $-53.25M | $-79.71M |
| High Forecast | $45.83M | $41.63M | $39.34M | $25.02M | $34.92M | $30.61M | $28.31M | $19.11M | $24.94M | $27.21M | $16.49M | $-6.66M | $13.76M | $6.03M | $-4.59M | $-23.36M | $-23.09M | $-25.40M | $-38.06M | $-49.81M | $-42.60M | $-79.11M |
| Low Forecast | $42.64M | $38.74M | $36.60M | $23.27M | $32.49M | $28.48M | $26.33M | $17.78M | $21.88M | $24.11M | $16.48M | $-7.16M | $13.68M | $-3.01M | $-4.93M | $-25.11M | $-24.82M | $-26.64M | $-39.92M | $-74.72M | $-63.90M | $-82.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.66% | 189.19% | 10.74% | - | 1.80% | 1.97% | 1.60% | - | 0.88% | 0.52% |
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 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 16 | 10 | 14 | 9 | 19 | 9 | 9 | 13 | 13 | 17 | 8 | 8 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $128.38M | $125.79M | $129.94M | - | $111.26M | $114.27M | $113.79M | - | $80.57M | $67.48M |
| Avg Forecast | $383.75M | $355.42M | $342.41M | $325.28M | $314.31M | $290.65M | $279.52M | $261.93M | $253.72M | $233.21M | $219.54M | $205.93M | $195.99M | $175.03M | $161.15M | $146.28M | $148.46M | $131.39M | $117.00M | $96.81M | $87.12M | $73.45M |
| High Forecast | $400.98M | $371.37M | $357.78M | $339.88M | $328.41M | $303.69M | $292.07M | $273.69M | $260.93M | $233.67M | $219.55M | $205.93M | $196.22M | $188.45M | $168.38M | $152.85M | $155.12M | $135.53M | $120.69M | $99.87M | $89.87M | $75.77M |
| Low Forecast | $379.22M | $351.22M | $338.36M | $321.43M | $310.59M | $287.21M | $276.22M | $258.84M | $252.17M | $232.95M | $219.54M | $205.93M | $195.77M | $173.67M | $159.24M | $144.56M | $146.70M | $130.63M | $116.32M | $96.25M | $86.62M | $73.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.72% | 0.81% | - | 0.75% | 0.87% | 0.97% | - | 0.92% | 0.92% |
GitLab's average Quarter SG&A projection for May 24 is $205.93M, based on 14 Wall Street analysts, with a range of $205.93M to $205.93M. The forecast indicates a 60.41% 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 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 15 | 16 | 10 | 14 | 9 | 19 | 9 | 9 | 13 | 13 | 17 | 8 | 8 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.23 | $-1.84 | $-0.33 | - | $-0.28 | $-0.34 | $-0.42 | - | $-0.32 | $-0.62 |
| Avg Forecast | $0.26 | $0.24 | $0.22 | $0.14 | $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 | $-0.27 | $-0.25 | $-0.48 |
| High Forecast | $0.28 | $0.25 | $0.24 | $0.15 | $0.21 | $0.18 | $0.17 | $0.11 | $0.15 | $0.16 | $0.10 | $-0.04 | $0.08 | $0.04 | $-0.03 | $-0.14 | $-0.14 | $-0.15 | $-0.23 | $-0.26 | $-0.25 | $-0.48 |
| Low Forecast | $0.26 | $0.23 | $0.22 | $0.14 | $0.20 | $0.17 | $0.16 | $0.11 | $0.13 | $0.14 | $0.10 | $-0.04 | $0.08 | $-0.02 | $-0.03 | $-0.15 | $-0.15 | $-0.16 | $-0.24 | $-0.28 | $-0.26 | $-0.50 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.79% | 203.07% | 11.78% | - | 1.99% | 2.21% | 1.82% | - | 1.27% | 1.29% |
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 | $21.63 | $64.63 | 198.80% | Hold |
| ZI | ZoomInfo | $10.62 | $28.25 | 166.01% | Buy |
| ASAN | Asana | $13.93 | $25.05 | 79.83% | Buy |
| BILL | Bill.com | $87.86 | $142.04 | 61.67% | Buy |
| SNOW | Snowflake | $129.12 | $204.88 | 58.67% | Buy |
| MNDY | monday | $260.15 | $279.31 | 7.36% | Buy |
| DDOG | Datadog | $135.45 | $145.31 | 7.28% | Buy |
| WDAY | Workday | $259.44 | $271.36 | 4.59% | Buy |
| GTLB | GitLab | $62.15 | $63.63 | 2.38% | Buy |
| TEAM | Atlassian | $245.45 | $246.52 | 0.44% | Buy |
| TTD | Trade Desk | $123.90 | $113.04 | -8.77% | Buy |
| DOCU | DocuSign | $78.81 | $68.93 | -12.54% | Hold |
| HUBS | HubSpot | $694.48 | $599.36 | -13.70% | Buy |
| NOW | ServiceNow | $1.02K | $831.13 | -18.75% | Buy |