GitLab Inc. (GTLB)
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- Zacks
Wall Street Analysts See a 33.95% Upside in Gitlab (GTLB): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 34% in Gitlab (GTLB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- Benzinga
What's Going On With GitLab Stock On Wednesday?
GitLab Inc (NASDAQ:GTLB) stock traded higher on Wednesday after the company disclosed that its board amended its severance plan after a periodic review. The revisions clarified that the board cannot cancel an individual’s equity awards without consideration during a corporate transaction, affecting certain team members and named executive officers. In June, GitLab reported first-quarter revenue of $169.187 million, beating analyst consensus estimates of $165.887 million. The company reported fir
- Zacks
After Plunging -18.51% in 4 Weeks, Here's Why the Trend Might Reverse for Gitlab (GTLB)
The heavy selling pressure might have exhausted for Gitlab (GTLB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
