GTLB Stock Recent News

GitLab Inc. GTLB will release its first-quarter earnings results after the closing bell on Tuesday, June 10.

With this week comes the official close of first-quarter earnings season in Needham analyst Mike Cikos‘ coverage, in which Cognyte Software CGNT and GitLab Inc GTLB are the final two companies reporting.

GTLB's first-quarter fiscal 2026 performance is likely to have benefited from rising enterprise adoption and continued momentum in AI-driven DevSecOps innovation.

Software development facilitator GitLab (GTLB 2.95%) was facilitating some handsome returns for shareholders on Thursday, thanks in no small part to an optimistic new analyst note. In late-session trading the company's share price was up by almost 4%, and doing much better than the slumping S&P 500 index with its 0.2% decline.

GitLab (NASDAQ:GTLB), a firm that offers tools to assist teams in managing their software development lifecycle, is anticipated to release its Q1 results on June 10. Consensus forecasts indicate revenues nearing $213 million for the quarter, marking a 26% increase compared to the previous year, while earnings are estimated to be around $0.15 per share, nearly 5 times higher than last year.

SAN FRANCISCO--(BUSINESS WIRE)--All Remote - GitLab Inc., the most comprehensive, intelligent DevSecOps platform, today announced it has been named a Leader by Forrester Research in The Forrester Wave™: DevOps Platforms, Q2 2025 report. The report evaluated 11 DevOps platform vendors across 26 criteria based on current offering, strategy, and customer feedback. GitLab received the highest scores possible in the project planning/alignment, build automation and CI, and pipeline security criteria.

We initiate coverage on GitLab with a Strong Buy rating driven by underappreciated AI monetization flywheel and accelerating adoption of premium Ultimate and Dedicated modules. Our PT of $125 per share is based on a 15.5x EV/Sales multiple to our FY27 revenue estimate of $1.3bn with justified premium to peers. We estimate FY27 revenue of $1.27bn, or up 25% y/y and +8-10% consensus, fueled by compounding monetization levers.

JPMorgan analyst Pinjalim Bora maintained a Neutral rating on GitLab Inc GTLB and set a price target of $58 on Wednesday.

GTLB eyes a rebound in its shares as strong AI capabilities, cloud integrations, and DevSecOps leadership fuel enterprise adoption and long-term growth.

Steve Koenig says investors will have to "pick your software stocks carefully." He believes Snowflake (SNOW) is well-positioned after its earnings but sees its current runway for growth running out.