Key Takeaways:
- GitLab (GTLB, Financial) is poised for a significant earnings boost, with analysts predicting a 400% increase in EPS.
- Revenue growth is anticipated at 26%, reaching $213.21 million for Q1.
- Analysts provide an optimistic outlook, with targets suggesting substantial upside potential.
GitLab (GTLB) is preparing to announce its first-quarter earnings on June 10th, after the market closes. Expectations are high with analysts predicting a substantial 400% surge in earnings per share (EPS) to $0.15. Additionally, revenue is forecasted to expand by 26% to $213.21 million. Historically, GitLab has consistently outperformed both earnings and revenue projections, making this a much-anticipated announcement for investors.
Wall Street Analysts Forecast
The latest analysis from 26 top Wall Street analysts sets GitLab Inc (GTLB, Financial) with an average price target of $71.74. This includes a bullish high estimate of $90.00 and a more conservative low estimate of $45.00. With the current trading price at $48.64, these targets represent a potential upside of 47.49%. Investors interested in more detailed forecasts can explore the GitLab Inc (GTLB) Forecast page.
Furthermore, 29 brokerage firms have delivered a consensus recommendation, placing GitLab Inc's (GTLB, Financial) average brokerage recommendation at 1.9. This suggests an "Outperform" rating on the scale, where 1 indicates a Strong Buy and 5 signals Sell.
According to GuruFocus estimates, the projected GF Value for GitLab Inc (GTLB, Financial) in the next year stands at $96.41. This implies a remarkable upside of 98.21% from the current price of $48.64. The GF Value represents an estimate of the fair value at which the stock should trade. It is calculated by examining the stock's historical trading multiples, past business growth, and projected future performance. For a more comprehensive analysis, visit the GitLab Inc (GTLB) Summary page.
