GitLab Rises 13% in a Month: Buy, Sell or Hold the GTLB Stock?
Gitlab (GTLB) ZACKS·2024-11-22 01:32
GitLab (GTLB) shares have jumped 13.3% in a month, underperforming the Zacks Computer & Technology sector’s return of 0.7% and the Zacks Internet Software industry’s appreciation of 3%. The outperformance can be attributed to strong top-line growth expectations in fiscal 2025. Its expanding clientele has been a key catalyst. Solid adoption of its AI-powered DevSecOps platform is aiding prospects.GTLB expects total revenues between $742 million and $744 million, indicating a growth rate of 28% over fiscal 20 ...