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GitLab (GTLB) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GTLB Stock Forecast

GitLab stock forecast is as follows: an average price target of $64.00 (represents a 6.97% upside from GTLB’s last price of $59.83) 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 $64.00 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $75.00 to $55.00. This represents a potential 6.97% upside from GTLB's last price of $59.83.

GTLB Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 02, 2024Jonathan RuykhaverCantor Fitzgerald$75.00$62.8119.41%25.36%
Oct 09, 2024Sanjit SinghMorgan Stanley$70.00$49.9740.08%17.00%
Sep 05, 2024Ryan MacWilliamsBarclays$55.00$54.351.20%-8.07%
Sep 04, 2024Janice QuekCFRA$60.00$55.927.30%0.28%
Sep 04, 2024Jason CelinoLoop Capital Markets$62.00$54.2014.39%3.63%
Sep 04, 2024Koji IkedaBank of America Securities$68.00$44.6852.19%13.66%
Sep 04, 2024Gray PowellBTIG$63.00$44.6841.00%5.30%
Sep 03, 2024Gray PowellBTIG$58.00$47.4022.36%-3.06%
Aug 27, 2024Koji IkedaBank of America Securities$66.00$46.5941.66%10.31%
Aug 26, 2024Shrenik KothariRobert W. Baird$59.00$47.3024.74%-1.39%
Jun 05, 2024Kingsley CraneCanaccord Genuity$65.00$44.7545.25%8.64%
Jun 04, 2024Gil LuriaD.A. Davidson$50.00$47.076.22%-16.43%
Jun 04, 2024Matthew HedbergRBC Capital$65.00$46.0041.30%8.64%
Jun 04, 2024Jonathan RuykhaverCantor Fitzgerald$55.00$47.0716.85%-8.07%
Jun 04, 2024Gregg MoskowitzMizuho Securities$62.00$47.0731.72%3.63%
Jun 04, 2024Peter WeedBernstein$70.00$47.0748.71%17.00%
Jun 04, 2024Jason CelinoKeyBanc$62.00$47.0731.72%3.63%
Jun 03, 2024Joel FishbeinTruist Financial$80.00$47.5368.31%33.71%
May 31, 2024Janice QuekCFRA$55.00$47.1916.55%-8.07%
May 17, 2024Gregg MoskowitzMizuho Securities$70.00$56.5023.89%17.00%
Apr 12, 2024Adam TindleRaymond James$70.00$58.1120.46%17.00%
Apr 09, 2024Michael TurrinWells Fargo$70.00$58.6019.45%17.00%
Mar 19, 2024Jason CelinoKeyBanc$70.00$55.5825.94%17.00%
Mar 06, 2024Allan VerkhovskiWolfe Research$75.00$58.8427.46%25.36%
Mar 05, 2024Kingsley CraneCanaccord Genuity$74.00$59.0025.42%23.68%
Mar 05, 2024Matthew HedbergRBC Capital$80.00$59.0135.57%33.71%
Jan 08, 2024Gregg MoskowitzMizuho Securities$73.00$59.6522.38%22.01%
Jun 06, 2023Pinjalim BoraJ.P. Morgan$45.56$46.60-2.23%-23.85%
Apr 17, 2023Fishbein JrTruist Financial$50.00$32.6753.05%-16.43%
Apr 14, 2023Michael TuritsKeyBanc$39.00$32.0621.65%-34.82%
Jan 05, 2023Piper Sandler$58.00$42.5736.25%-3.06%
Dec 06, 2022Michael TuritsKeyBanc$60.00$40.3048.88%0.28%
Dec 06, 2022Mike CikosNeedham$60.00$40.3048.88%0.28%
Dec 06, 2022Matthew HedbergRBC Capital$60.00$40.3048.88%0.28%
Dec 06, 2022Betsy GraseckMorgan Stanley$60.00$38.3356.54%0.28%
Dec 01, 2022J.P. Morgan$45.00$41.548.33%-24.79%
Nov 28, 2022RBC Capital$55.00$39.5139.21%-8.07%
Jul 19, 2022Rob OwensPiper Sandler$67.00$57.4816.57%11.98%
Jul 07, 2022Mike CikosNeedham$70.00$58.5119.64%17.00%
Jun 27, 2022Kash RanganGoldman Sachs$80.00$53.3849.87%33.71%
Jun 07, 2022Karl KeirsteadUBS$59.00$49.2219.87%-1.39%
Jun 07, 2022Matthew HedbergRBC Capital$66.00$49.2234.09%10.31%
Jun 07, 2022Rob OwensPiper Sandler$60.00$49.2221.90%0.28%
May 14, 2022Joel FishbeinTruist Financial$95.00$44.54113.29%58.78%
Apr 28, 2022Michael TuritsKeyBanc$63.00$51.4922.35%5.30%
Apr 20, 2022Matthew HedbergRBC Capital$64.00$54.6117.19%6.97%
Mar 28, 2022Rob OwensPiper Sandler$75.00$53.7639.51%25.36%

The latest GitLab stock forecast, released on Dec 02, 2024 by Jonathan Ruykhaver from Cantor Fitzgerald, set a price target of $75.00, which represents a 19.41% increase from the stock price at the time of the forecast ($62.81), and a 25.36% increase from GTLB last price ($59.83).

GitLab Price Target by Period

1M3M12M
# Anlaysts1227
Avg Price Target$75.00$72.50$66.00
Last Closing Price$59.83$59.83$59.83
Upside/Downside25.36%21.18%10.31%

In the current month, the average price target of GitLab stock is $75.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 25.36% increase as opposed to GitLab's last price of $59.83. This month's average price target is up 3.45% compared to last quarter, and up 13.64% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 02, 2024Cantor FitzgeraldOverweightOverweightHold
Oct 21, 2024NeedhamBuyNeutralUpgrade
Oct 21, 2024Deutsche BankBuyUpgrade
Oct 21, 2024NeedhamHoldBuyUpgrade
Oct 09, 2024Wells FargoBuyBuyHold
Oct 09, 2024Morgan StanleyNeutralOverweightInitialise
Sep 05, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 04, 2024Cantor FitzgeraldOverweightOverweightHold
Sep 04, 2024KeyBancOverweightOverweightHold
Sep 04, 2024ScotiabankOutperformOutperformHold
Sep 04, 2024Canaccord GenuityBuyBuyHold
Sep 04, 2024Piper SandlerOverweightOverweightHold
Sep 04, 2024Wells FargoOverweightOverweightHold
Sep 03, 2024BTIGBuyBuyHold
Sep 03, 2024RBC CapitalOutperformOutperformHold
Aug 27, 2024RBC CapitalBuyBuyHold
Aug 27, 2024Capital One FinancialUnderperformUnderperformHold
Aug 27, 2024Bank of America SecuritiesBuyBuyHold
Aug 27, 2024Cowen & Co.BuyBuyHold
Jul 18, 2024RBC CapitalBuyBuyHold
Jul 17, 2024KeyBancOverweightOverweightHold
Jul 17, 2024Piper SandlerOverweightOverweightHold
Jun 28, 2024Wells FargoBuyBuyHold
Jun 28, 2024Cowen & Co.BuyBuyHold
Jun 28, 2024RBC CapitalOutperformOutperformHold
Jun 05, 2024Canaccord GenuityBuyBuyHold
Jun 04, 2024Truist FinancialHoldHoldHold
Jun 04, 2024Cantor FitzgeraldOverweightOverweightHold
Jun 04, 2024BernsteinOutperformOutperformHold
Jun 04, 2024KeyBancOverweightOverweightHold
Jun 03, 2024RBC CapitalOutperformOutperformHold
Jun 03, 2024Cowen & Co.OutperformOutperformHold
Jun 03, 2024UBSBuyBuyHold
May 31, 2024Cowen & Co.BuyBuyHold
May 29, 2024Piper SandlerOverweightOverweightHold
May 17, 2024Wolfe ResearchBuyBuyHold
Apr 12, 2024Raymond JamesOutperformUpgrade
Apr 09, 2024Wells FargoOverweightInitialise
Apr 01, 2024Wolfe ResearchBuyBuyHold
Mar 19, 2024KeyBancOverweightOverweightHold
Mar 06, 2024Wolfe ResearchBuyBuyHold
Mar 06, 2024Wolfe ResearchOutperformUpgrade
Mar 05, 2024Canaccord GenuityBuyBuyHold
Mar 05, 2024RBC CapitalOutperformOutperformHold
Mar 05, 2024BernsteinOutperformOutperformHold
Mar 05, 2024Cantor FitzgeraldOverweightOverweightHold
Jan 08, 2024Mizuho SecuritiesBuyUpgrade
Dec 05, 2023RBC CapitalOutperformOutperformHold
Dec 05, 2023ScotiabankBuyBuyHold
Sep 06, 2023RBC CapitalOutperformOutperformHold
Sep 06, 2023NeedhamHoldHoldHold
Sep 06, 2023William BlairOutperformOutperformHold
Jul 12, 2023CitigroupBuyBuyHold
Jun 06, 2023Cowen & Co.BuyBuyHold
Jun 06, 2023UBSBuyBuyHold
Jun 06, 2023Piper SandlerNeutralNeutralHold
Jun 06, 2023RBC CapitalNeutralNeutralHold
Jun 06, 2023BarclaysNeutralNeutralHold
Jun 06, 2023Morgan StanleyNeutralNeutralHold
Mar 15, 2023UBSBuyBuyHold
Mar 14, 2023RBC CapitalOutperformOutperformHold
Mar 14, 2023Goldman SachsBuyBuyHold
Mar 14, 2023Piper SandlerOverweightOverweightHold
Dec 06, 2022NeedhamBuyBuyHold
Dec 06, 2022KeyBancOverweightOverweightHold
Dec 06, 2022Morgan StanleyOverweightOverweightHold
Dec 06, 2022Piper SandlerOverweightOverweightHold
Nov 28, 2022RBC CapitalOutperformOutperformHold
Sep 07, 2022Piper SandlerPositivePositiveHold
Sep 01, 2022J.P. MorganNeutralDowngrade
Aug 18, 2022RBC CapitalOutperformOutperformHold
Jul 19, 2022Piper SandlerOverweightOverweightHold
Jul 07, 2022NeedhamBuyInitialise
Jun 27, 2022Goldman SachsBuyUpgrade
Jun 07, 2022RBC CapitalOutperformOutperformHold
Jun 07, 2022UBSBuyBuyHold
Apr 28, 2022KeyBancOverweightOverweightHold
Apr 20, 2022RBC CapitalOutperformOutperformHold
Mar 28, 2022Piper SandlerOverweightOverweightHold
Nov 24, 2021Piper SandlerNeutralInitialise

GitLab's last stock rating was published by Cantor Fitzgerald on Dec 02, 2024. The company gave GTLB a "Overweight" rating, the same as its previous rate.

GitLab Financial Forecast

GitLab Revenue Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
Revenue------------$163.78M$149.67M$139.58M-$122.91M$112.98M$101.04M-$77.80M$66.80M
Avg Forecast$310.86M$294.92M$278.86M$262.70M$256.50M$242.49M$227.50M$212.50M$206.15M$187.92M$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$317.40M$301.13M$284.73M$268.22M$261.90M$247.59M$232.29M$216.97M$206.51M$188.30M$176.86M$165.89M$158.07M$151.81M$132.55M$120.32M$122.11M$109.35M$97.38M$80.57M$72.51M$61.13M
Low Forecast$309.86M$293.98M$277.97M$261.85M$255.68M$241.71M$226.77M$211.82M$205.91M$187.71M$176.85M$165.89M$157.71M$139.90M$129.40M$117.46M$119.21M$105.39M$93.85M$77.66M$69.88M$58.92M
# Analysts881014879131616101491999131317889
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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts881014879131616101491999131317889
EBITDA------------$-31.42M$-40.27M$-52.40M-$-44.65M$-55.46M$-63.98M-$-47.20M$-42.02M
Avg Forecast$-143.16M$-135.82M$-128.42M$-120.98M$-118.12M$-111.67M$-104.77M$-97.86M$-94.94M$-86.54M$-81.45M$-76.40M$-72.71M$-64.93M$-59.78M$-54.27M$-55.08M$-69.73M$-62.09M$-64.19M$-54.28M$-38.98M
High Forecast$-142.70M$-135.38M$-128.01M$-120.59M$-117.75M$-111.31M$-104.43M$-97.55M$-94.83M$-86.45M$-81.44M$-76.40M$-72.63M$-64.43M$-59.59M$-54.09M$-54.90M$-69.32M$-61.73M$-51.35M$-43.42M$-38.75M
Low Forecast$-146.17M$-138.68M$-131.13M$-123.52M$-120.61M$-114.02M$-106.97M$-99.92M$-95.10M$-86.71M$-81.45M$-76.40M$-72.79M$-69.91M$-61.04M$-55.41M$-56.24M$-71.93M$-64.05M$-77.03M$-65.13M$-40.21M
Surprise %------------0.43%0.62%0.88%-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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts881014879131616101491999131317889
Net Income------------$-36.47M$-285.16M$-50.08M-$-42.12M$-50.47M$-61.50M-$-46.76M$-41.75M
Avg Forecast$47.54M$43.17M$37.86M$28.76M$38.11M$34.85M$30.41M$23.86M$36.37M$24.76M$15.83M$-6.49M$13.18M$-1.45M$-4.48M$-22.79M$-22.52M$-25.59M$-38.35M$-62.27M$-53.25M$-79.71M
High Forecast$48.84M$44.35M$38.89M$29.54M$39.16M$35.81M$31.24M$24.51M$37.37M$25.44M$15.84M$-6.47M$13.22M$5.79M$-4.46M$-22.69M$-22.43M$-25.40M$-38.06M$-49.81M$-42.60M$-79.11M
Low Forecast$47.35M$42.99M$37.70M$28.64M$37.95M$34.71M$30.28M$23.76M$34.79M$23.21M$15.82M$-6.67M$13.14M$-2.90M$-4.60M$-23.41M$-23.14M$-26.64M$-39.92M$-74.72M$-63.90M$-82.98M
Surprise %-------------2.77%196.99%11.19%-1.87%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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts881014879131616101491999131317889
SG&A------------$128.38M$125.79M$129.94M-$111.26M$114.27M$113.79M-$80.57M$67.48M
Avg Forecast$385.89M$366.11M$346.17M$326.10M$318.41M$301.01M$282.41M$263.79M$255.91M$233.28M$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$394.00M$373.81M$353.45M$332.96M$325.11M$307.35M$288.35M$269.34M$256.36M$233.74M$219.55M$205.93M$196.22M$188.45M$164.54M$149.36M$151.58M$135.53M$120.69M$99.87M$89.87M$75.77M
Low Forecast$384.65M$364.93M$345.06M$325.05M$317.39M$300.05M$281.50M$262.94M$255.61M$233.02M$219.54M$205.93M$195.77M$173.67M$160.63M$145.81M$147.98M$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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts881014879131616101491999131317889
EPS------------$-0.23$-1.84$-0.33-$-0.28$-0.34$-0.42-$-0.32$-0.62
Avg Forecast$0.30$0.27$0.24$0.18$0.24$0.22$0.19$0.15$0.23$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$0.31$0.28$0.24$0.18$0.25$0.22$0.20$0.15$0.23$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$0.30$0.27$0.24$0.18$0.24$0.22$0.19$0.15$0.22$0.15$0.10$-0.04$0.08$-0.02$-0.03$-0.15$-0.14$-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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MNDYmonday$251.80$296.2517.65%Buy
GTLBGitLab$59.14$64.008.22%Buy
WDAYWorkday$278.01$289.504.13%Buy
SNOWSnowflake$170.81$164.58-3.65%Buy
DDOGDatadog$156.91$148.25-5.52%Buy
TTDTrade Desk$135.02$123.63-8.44%Buy
ZIZoomInfo$11.19$10.22-8.67%Buy
HUBSHubSpot$741.67$671.25-9.49%Buy
NOWServiceNow$1.11K$973.56-12.66%Buy
UUnity Software$24.66$21.33-13.50%Hold
TEAMAtlassian$269.79$231.46-14.21%Buy
BILLBill.com$87.46$63.82-27.03%Buy
DOCUDocuSign$98.17$68.67-30.05%Hold
ASANAsana$26.32$14.00-46.81%Buy

GTLB Forecast FAQ

Is GitLab a good buy?

Yes, according to 24 Wall Street analysts, GitLab (GTLB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 20 'Buy' recommendations, accounting for 83.33% of GTLB's total ratings.

What is GTLB's price target?

GitLab (GTLB) average price target is $64 with a range of $55 to $75, implying a 6.97% from its last price of $59.83. The data is based on 24 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 6.97% (from the last price of $59.83 to the average price target of $64), up by 25.36% based on the highest stock price target, and down by -8.07% based on the lowest stock price target.

Can GitLab stock reach $90?

GTLB's average twelve months analyst stock price target of $64 does not support the claim that GitLab can reach $90 in the near future.

What is GitLab's current price target trend?

1 Wall Street analyst forecast a $75 price target for GitLab (GTLB) this month, up 25.36% from its last price of $59.83. Compared to the last 3 and 12 months, the average price target increased by 21.18% and increased by 10.31%, 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 $938.98M (high $958.74M, low $935.97M), average EBITDA is $-432M (high $-431M, low $-442M), average net income is $127.24M (high $130.72M, low $126.71M), average SG&A $1.17B (high $1.19B, low $1.16B), and average EPS is $0.796 (high $0.818, low $0.793). GTLB's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $1.15B (high $1.17B, low $1.14B), average EBITDA is $-528M (high $-527M, low $-539M), average net income is $157.33M (high $161.63M, low $156.67M), average SG&A $1.42B (high $1.45B, low $1.42B), and average EPS is $0.985 (high $1.01, low $0.981).

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 $-252M by -32.16%. The company's net income was $-424M, beating the average estimation of $-15.53M by 2631.28%. Apple's SG&A was $499.12M, missing the average forecast of $678.45M by -26.43%. 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 $-72.711M by -56.79%. GitLab's net income was $-36.467M, missing the average estimation of $13.18M by -376.69%. The company's SG&A was $128.38M, missing the average forecast of $195.99M by -34.50%. Lastly, the company's EPS was $-0.23, missing the average prediction of $0.0825 by -378.79%