Rosenblatt Securities Issues Pessimistic Forecast for GitLab (NASDAQ:GTLB) Stock Price

GitLab (NASDAQ:GTLB) had its target price dropped by equities researchers at Rosenblatt Securities from $55.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price points to a potential upside of 69.49% from the stock’s current price.

Several other brokerages have also issued reports on GTLB. KeyCorp lowered GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. Mizuho cut their target price on shares of GitLab from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday. Needham & Company LLC decreased their price target on shares of GitLab from $50.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein dropped their price objective on shares of GitLab from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on GitLab from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.96.

GitLab Stock Up 1.3%

Shares of NASDAQ GTLB opened at $25.37 on Wednesday. The company has a market capitalization of $4.27 billion, a PE ratio of -72.49 and a beta of 0.79. GitLab has a twelve month low of $23.10 and a twelve month high of $61.16. The firm has a fifty day simple moving average of $32.65 and a 200 day simple moving average of $40.59.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. GitLab had a negative return on equity of 1.79% and a negative net margin of 5.86%.The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. During the same period last year, the business posted $0.33 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 334,827 shares of GitLab stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $38.08, for a total transaction of $12,750,212.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Bostrom sold 70,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $39.55, for a total value of $2,768,500.00. Following the transaction, the director owned 79,819 shares in the company, valued at approximately $3,156,841.45. This trade represents a 46.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 603,744 shares of company stock valued at $22,536,495. 16.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GitLab

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in GitLab by 766.3% in the 4th quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after purchasing an additional 4,806,163 shares during the period. Eminence Capital LP grew its position in shares of GitLab by 148.9% during the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock valued at $280,521,000 after acquiring an additional 3,720,406 shares during the period. Atreides Management LP increased its stake in shares of GitLab by 867.3% during the 2nd quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after purchasing an additional 3,531,070 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in GitLab by 251.3% in the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock valued at $203,545,000 after purchasing an additional 3,227,717 shares during the last quarter. Finally, Norges Bank purchased a new position in GitLab in the fourth quarter valued at approximately $81,379,000. Institutional investors own 95.04% of the company’s stock.

Trending Headlines about GitLab

Here are the key news stories impacting GitLab this week:

• Positive Sentiment: Q4 beat, ARR milestone and buyback support — GitLab reported Q4 revenue of $260.4M and adjusted EPS of $0.30 (above estimates), announced it passed $1B ARR and unveiled up to $400M in buybacks, giving near-term tangible support and a shareholder-return catalyst. GitLab (GTLB) Is Up 7.1% After $1B ARR Milestone and $400M Buyback Plan
• Positive Sentiment: Bull case argues sell-off is overdone — Bullish coverage contends GitLab’s AI positioning, improving cash flow and strong balance sheet make recent lows an attractive entry for long-term investors. That view helps underpin today’s bounce. GitLab Sell-Off Overdone: AI and Cash Flow Signal a Rebound
• Neutral Sentiment: Management outreach and conference presentation — GitLab presented at the Morgan Stanley TMT conference (transcript available), which can clarify product/AI roadmap and help shape investor expectations but hasn’t yet moved the needle decisively. GTLB Presents at Morgan Stanley TMT Conference 2026 Transcript
• Neutral Sentiment: Independent bullish write-ups — Several pieces (e.g., Substack/InsiderMonkey summaries) restate a long-term bull thesis; useful for conviction but not an immediate catalyst. Is GitLab Inc. (GTLB) A Good Stock To Buy Now?
• Negative Sentiment: Mixed/weak FY27 guidance spooked the market — Although EPS guidance was raised above consensus in some ranges, revenue guidance was slightly below expectations and commentary framed FY27 as a transition year, driving investor concern over near-term growth. GitLab drops as full-year guidance falls short of market expectations
• Negative Sentiment: Broad analyst price-target cuts and downgrades — Multiple firms trimmed price targets (nine+ noted) and some downgraded ratings after the FY27 outlook, amplifying selling pressure and increasing headline risk. Wall Street: Nine Analysts Cut Price Targets After FY27 Guidance Disappoints
• Negative Sentiment: Shares hit 52-week low and heavy intraday selling — The post-earnings move pushed GTLB to its yearly low, a technical headwind that can exacerbate volatility until guidance clarity or beats reassert momentum. GitLab stock hits 52-week low
• Negative Sentiment: Brokerage downgrades (e.g., TD Cowen cut to “Hold”) add pressure — Additional sell-side caution increases risk of further short-term downside if investor confidence doesn’t recover. GitLab Cut to Hold at TD Cowen

About GitLab

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.