GTLB Stock Recent News
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GitLab Inc. (GTLB) concluded the recent trading session at $53.36, signifying a +1.7% move from its prior day's close.
The latest trading day saw GitLab Inc. (GTLB) settling at $56.38, representing a +0.53% change from its previous close.
Having seen its shares rally almost 200% in the nine months before this past February, software company Gitlab Inc NASDAQ: GTLB was finally starting to break out of a multi-year range. Having chosen to IPO at the tail end of 2021, it was one of those tech stocks that initially soared but then collapsed into 2022.
The latest trading day saw GitLab Inc. (GTLB) settling at $52.56, representing a -1.78% change from its previous close.
In the latest trading session, GitLab Inc. (GTLB) closed at $57.07, marking a -1.79% move from the previous day.
Raymond James upgraded software stock GitLab Inc (NASDAQ:GTLB) to "outperform" from "market perform" this morning, establishing a price target of $70.
Nearly one month off a weaker-than-expected quarterly earnings and revenue outlook for 2025, software giant GitLab (GTLB) is struggling to maintain any fortuitous gains on the charts. The shares are now off more than 10% in 2024 and have pulled back to the $54 for support more than once in the past few weeks.
GitLab shares stumbled in the wake of very conservative guidance for the current fiscal year. The guidance belied very favorable trends in the sales environment, including a quarter of record bookings and several other significant sales milestones. The company's growth in margins and in free cash flow generation has been impressive.
Gitlab (GTLB) boosts DevSecOps with the Oxeye acquisition, enhancing SAST capabilities for streamlined security.
GitLab Presents A Great Buying Opportunity Post Earnings Sell-Off (Rating Upgrade)