GitLab (GTLB) stock has earned a “Strong Buy” rating on Wall Street, which signals that analysts anticipate it will outperform the broader market or its sector in the near to medium term. Valued at $7.8 billion, GitLab is a DevOps platform company that offers capabilities for the whole software development lifecycle in a single application. Its all-in-one DevOps platform enables organizations to plan, build, protect, and deploy software rapidly and efficiently.
GTLB stock is down 20% year-to-date (YTD), lagging the overall market gain of 13.5%. Nonetheless, its high target price implies the stock will deliver close to 60% returns over the next 12 months.
