The Latest Breaking News from GTLB

GitLab Inc (NASDAQ:GTLB) has addressed a critical severity vulnerability, Bleeping Computer reports. GitLab urged users to immediately upgrade all GitLab installations to the latest versions to block potential attacks. "Our investigation shows no indication that users or accounts have been compromised, but we're taking precautionary measures for our users' security," GitLab assured. The glitch…

Analysts painted sharp upside to GitLab Inc (NASDAQ:GTLB) post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations. Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2% upside) and kept a Buy, citing the change in discount rate assumptions since the IPO.  KeyBanc analyst Michael Turits lowered…

Over the past 3 months, 14 analysts have published their opinion on GitLab (NASDAQ:GTLB) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

JPMorgan analyst Sterling Auty upgraded GitLab Inc (NASDAQ:GTLB) to Overweight from Neutral with an unchanged price target of $99, suggesting an upside of 62%. The analyst calls the company a "Growth All-Star" with a current valuation of less than 18-times 2022 revenue. The results from Microsoft Corp (NASDAQ:MSFT) and ServiceNow Inc (NYSE:NOW) validate that the fundamentals in software continue…

Because companies continue to function with remote working arrangements with employees—with many adopting cloud platforms as part of their digital transformation initiatives—the software-as-a-service (SaaS) industry should continue to grow. Consequently, Wall Street analysts believe buying the price dip in quality SaaS stocks HubSpot (HUBS) and GitLab (GTLB) could deliver solid…