Latest news with #GTLB
Yahoo
a day ago
- Business
- Yahoo
GitLab price target lowered to $67 from $80 at Scotiabank
Scotiabank lowered the firm's price target on GitLab (GTLB) to $67 from $80 and keeps an Outperform rating on the shares. The firm would characterize its recent checks on the company as 'fine,' with building Duo adoption but pockets of weakness in the macro, the analyst tells investors. Additionally, while the firm does not see a significant positive catalyst in Q1 results, shares remain relatively undemanding. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on GTLB: Disclaimer & DisclosureReport an Issue GitLab price target lowered to $75 from $82 at TD Cowen Cathie Wood Bets Big on Taiwan Semiconductor (TSM) as AI Demand Surges Cathie Wood's ARK Investment buys 106K shares of GitLab today Microsoft (MSFT) Introduces AI Agent that Can Code for People GitLab achieves FedRAMP Moderate authorization
Yahoo
5 days ago
- Business
- Yahoo
GitLab (GTLB): 3 Reasons We Love This Stock
GitLab's stock price has taken a beating over the past six months, shedding 28.6% of its value and falling to $45.60 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation. Given the weaker price action, is now an opportune time to buy GTLB? Find out in our full research report, it's free. Founded as an open-source project in 2011, GitLab (NASDAQ:GTLB) is a leading software development tools platform. While reported revenue for a software company can include low-margin items like implementation fees, annual recurring revenue (ARR) is a sum of the next 12 months of contracted revenue purely from software subscriptions, or the high-margin, predictable revenue streams that make SaaS businesses so valuable. GitLab's ARR punched in at $742.2 million in Q4, and over the last four quarters, its year-on-year growth averaged 33.5%. This performance was fantastic and shows that customers are willing to take multi-year bets on the company's technology. Its growth also makes GitLab a more predictable business, a tailwind for its valuation as investors typically prefer businesses with recurring revenue. One of the best parts about the software-as-a-service business model (and a reason why they trade at high valuation multiples) is that customers typically spend more on a company's products and services over time. GitLab's net revenue retention rate, a key performance metric measuring how much money existing customers from a year ago are spending today, was 126% in Q4. This means GitLab would've grown its revenue by 25.5% even if it didn't win any new customers over the last 12 months. Despite falling over the last year, GitLab still has an excellent net retention rate. This data point proves that the company sells useful products, and we can see that its customers are satisfied and increasing usage over time. Software is eating the world. It's one of our favorite business models because once you develop the product, it usually doesn't cost much to provide it as an ongoing service. These minimal costs can include servers, licenses, and certain personnel. GitLab's gross margin is one of the best in the software sector, an output of its asset-lite business model and strong pricing power. It also enables the company to fund large investments in new products and sales during periods of rapid growth to achieve outsized profits at scale. As you can see below, it averaged an elite 88.8% gross margin over the last year. That means GitLab only paid its providers $11.21 for every $100 in revenue. These are just a few reasons GitLab is a rock-solid business worth owning. With the recent decline, the stock trades at 8.3× forward price-to-sales (or $45.60 per share). Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Business Insider
20-05-2025
- Business
- Business Insider
Gitlab (GTLB) Receives a Rating Update from a Top Analyst
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Gitlab (GTLB – Research Report) on May 18 and set a price target of $68.00. The company's shares closed yesterday at $48.95. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hedberg is a top 100 analyst with an average return of 20.4% and a 66.80% success rate. Hedberg covers the Technology sector, focusing on stocks such as Olo, ServiceNow, and CrowdStrike Holdings. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gitlab with a $73.95 average price target, which is a 51.07% upside from current levels. In a report released on May 14, Piper Sandler also reiterated a Buy rating on the stock with a $85.00 price target. GTLB market cap is currently $8.51B and has a P/E ratio of -1,858.84. Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year. Most recently, in March 2025, Matthew Jacobson, a Director at GTLB sold 152,884.00 shares for a total of $8,001,252.04.
Business Insider
20-05-2025
- Business
- Business Insider
Microsoft (MSFT) Introduces AI Agent that Can Code for People
Microsoft's (MSFT) GitHub unit has introduced a new artificial intelligence (AI) agent that can code for users, taking on complex programming work for companies and computer experts. Confident Investing Starts Here: The new AI coding agent will be included in Microsoft's 'Copilot' AI function. Developers can check the AI agent's work from GitHub, a widely used repository for code. They can also request modifications and ask that GitHub add source code to existing files. The new AI agent for GitHub was announced at Microsoft's Build developer conference in Seattle on May 19. Analysts say the new product shows that Microsoft wants to use AI to enhance its suite of software products. The coding agent could help the technology giant to distinguish its developer tools from competitors such as Atlassian (TEAM) and GitLab (GTLB). Build Conference 'Using state-of-the-art models, the agent excels at low-to-medium complexity tasks in well-tested codebases, from adding features and fixing bugs to extending tests, refactoring code, and improving documentation,' said Thomas Dohmke, CEO of GitHub, which Microsoft acquired in 2018. The launch of Microsoft's AI coding agency comes as developers and users with less technical knowledge increasingly adopt 'vibe-coding' systems that write programs and code with a few words of human direction and prompts. Analysts say that GitHub's new coding agent could assist with maintaining code libraries. Microsoft's Copilot AI assistant now has more than 15 million users, four times more than a year earlier, CEO Satya Nadella told analysts on a recent conference call. MSFT stock has risen 9% this year. Is MSFT Stock a Buy? Microsoft's stock has a consensus Strong Buy rating among 35 Wall Street analysts. That rating is based on 30 Buy and five Hold recommendations issued in the last three months. The average price target on MSFT stock of $509.41 implies 11.05% upside from current levels.
Business Insider
20-05-2025
- Business
- Business Insider
GitLab achieves FedRAMP Moderate authorization
GitLab (GTLB) 'announced it has achieved Authority to Operate status at the Moderate impact level from the Federal Risk and Authorization Management Program, FedRAMP, for GitLab Dedicated for Government under the sponsorship of the General Services Administration. FedRAMP provides a standardized approach to adopting secure and compliant cloud products and services across the federal government. GitLab completed a thorough assessment process with adherence to stringent criteria, including implementing necessary security controls, regular audits, and continuous monitoring. GitLab Dedicated for Government, now FedRAMP authorized, delivers a powerful DevSecOps platform with data residency, isolation, and private networking to help meet critical security and compliance requirements.' Confident Investing Starts Here:
