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GitLab: Don't Chase A Buyout Rumor
GTLBGitlab (GTLB) Seeking Alpha·2024-07-18 03:38

I l Thomas Barwick Ripe Acquisition Target Buy GitLab Stock On Dips a rather rich premium. Data by YCharts The time to load up is when market doldrums allows the stock to dip back into the mid-$40s where GitLab was trading at 7x FY26 revenue targets. The company is already profitable with a cash balance topping $1 billion, so the BoD shouldn't be desperate to unload the business for financial reasons. Outside the CEO cancer scare, GitLab really has no reason to unload the stock now outside a massive premium ...