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GitLab Declines 13% in a Month: Does the Dip Make the Stock a Buy?
GTLBGitlab (GTLB) ZACKS·2024-10-05 00:10

GitLab (GTLB) shares have declined 13% in the past month, outperforming the Zacks Computer & Technology sector's appreciation of 6% and the Zacks Internet Software industry's return of 8.6%. The underperformance can be attributed to challenging macroeconomic conditions and a cautious spending environment. However, we believe the sell-off is unwarranted, given the strong top-line growth prospect driven by an expanding clientele. In fact, we believe the dip offers a great opportunity for investors to accumula ...