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RBC Capital Keeps Their Buy Rating on Gitlab (GTLB)


RBC Capital Keeps Their Buy Rating on Gitlab (GTLB)

Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener.

According to TipRanks, Hedberg is a top 100 analyst with an average return of 19.8% and a 64.00% success rate. Hedberg covers the Technology sector, focusing on stocks such as Palo Alto Networks, CyberArk Software, and Dynatrace.

Currently, the analyst consensus on Gitlab is a Strong Buy with an average price target of $79.91, representing a 42.06% upside. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $85.00 price target.

Based on Gitlab's latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $196.05 million and a net profit of $29.57 million. In comparison, last year the company earned a revenue of $149.67 million and had a GAAP net loss of $285.16 million

Based on the recent corporate insider activity of 91 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 January 2025, Susan Bostrom, a Director at GTLB sold 20,000.00 shares for a total of $1,125,200.00.

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