Royal Bank Of Canada Lowers GitLab (NASDAQ:GTLB) Price Target to $33.00

GitLab (NASDAQ:GTLB) had its price objective lowered by stock analysts at Royal Bank Of Canada from $40.00 to $33.00 in a report issued on Wednesday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 30.07% from the stock’s previous close.

A number of other research firms also recently weighed in on GTLB. 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 report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of GitLab in a report on Monday, December 22nd. Guggenheim cut their target price on shares of GitLab from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley set a $38.00 price target on GitLab in a research note on Thursday, February 19th. Finally, TD Cowen cut GitLab from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.96.

GitLab Price Performance

Shares of GitLab stock opened at $25.37 on Wednesday. GitLab has a 1-year low of $23.10 and a 1-year high of $61.16. The company has a market capitalization of $4.27 billion, a PE ratio of -72.49 and a beta of 0.79. The business has a 50-day moving average of $32.65 and a 200-day moving average of $40.59.

GitLab (NASDAQ:GTLB) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, beating 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 quarter in the prior year, the business posted $0.33 earnings per share. GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts expect that GitLab will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other GitLab news, CAO Simon Mundy sold 2,756 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the completion of the transaction, the chief accounting officer owned 47,184 shares in the company, valued at approximately $1,812,809.28. This represents a 5.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Shen sold 2,538 shares of GitLab stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.08, for a total value of $96,647.04. Following the sale, the chief financial officer directly owned 52,284 shares in the company, valued at approximately $1,990,974.72. This trade represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 603,744 shares of company stock worth $22,536,495 over the last three months. Insiders own 16.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Alpine Global Management LLC bought a new stake in shares of GitLab during the fourth quarter valued at about $338,000. Pacer Advisors Inc. bought a new stake in shares of GitLab during the 4th quarter worth about $14,788,000. Kera Capital Partners Inc. acquired a new stake in shares of GitLab in the 4th quarter worth approximately $224,000. Invesco Ltd. lifted its stake in shares of GitLab by 16.0% in the 4th quarter. Invesco Ltd. now owns 167,136 shares of the company’s stock worth $6,273,000 after acquiring an additional 23,035 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of GitLab by 650.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 60,691 shares of the company’s stock valued at $2,278,000 after acquiring an additional 52,608 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.