On June 6, 2025, Scotiabank analyst Nick Altmann provided the latest update on GitLab (GTLB, Financial), maintaining the stock's rating at "Sector Outperform." This suggests continued confidence in the company's performance relative to others in the same industry sector.
However, Altmann made a significant adjustment in the price target for GitLab (GTLB, Financial). The revised price target is now set at $67.00, down from the previous target of $80.00. This represents a decrease of 16.25% in the expected valuation.
Investors and stakeholders are advised to take note of this updated price target when considering their positions in GitLab (GTLB, Financial) as of this announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for GitLab Inc (GTLB, Financial) is $71.74 with a high estimate of $90.00 and a low estimate of $45.00. The average target implies an upside of 46.98% from the current price of $48.81. More detailed estimate data can be found on the GitLab Inc (GTLB) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, GitLab Inc's (GTLB, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for GitLab Inc (GTLB, Financial) in one year is $96.41, suggesting a upside of 97.52% from the current price of $48.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the GitLab Inc (GTLB) Summary page.
