Sanford C. Bernstein Has Lowered Expectations for GitLab (NASDAQ:GTLB) Stock Price

GitLab (NASDAQ:GTLB) had its target price cut by equities researchers at Sanford C. Bernstein from $70.00 to $60.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 136.50% from the company’s previous close.

A number of other research firms have also recently issued reports on GTLB. Cantor Fitzgerald cut their target price on GitLab from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. UBS Group set a $42.00 price objective on shares of GitLab in a report on Wednesday, December 3rd. Mizuho reduced their target price on shares of GitLab from $47.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. KeyCorp lowered shares of GitLab from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, December 16th. Finally, Zacks Research cut GitLab from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.96.

GitLab Stock Up 1.3%

Shares of GTLB stock opened at $25.37 on Wednesday. The company has a market cap of $4.27 billion, a P/E ratio of -72.49 and a beta of 0.79. The business has a 50 day moving average of $32.65 and a two-hundred day moving average of $40.59. GitLab has a 52 week low of $23.10 and a 52 week high of $61.16.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $260.40 million for the quarter, compared to the consensus estimate of $252.31 million. During the same quarter last year, the business posted $0.33 EPS. The business’s revenue was up 23.2% on a year-over-year basis. Analysts expect that GitLab will post -0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sytse Sijbrandij sold 54,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $28.41, for a total transaction of $1,542,663.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James Shen sold 2,538 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 603,744 shares of company stock valued at $22,536,495. 16.37% of the stock is currently owned by insiders.

Institutional Trading of GitLab

A number of hedge funds and other institutional investors have recently modified their holdings of GTLB. Allworth Financial LP boosted its stake in GitLab by 124.1% during the third quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $25,000 after buying an additional 309 shares in the last quarter. Quarry LP acquired a new stake in GitLab in the 3rd quarter valued at about $31,000. Lodestone Wealth Management LLC acquired a new stake in GitLab in the 4th quarter valued at about $36,000. Farther Finance Advisors LLC boosted its position in shares of GitLab by 284.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 907 shares of the company’s stock valued at $41,000 after purchasing an additional 671 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of GitLab by 84.1% in the 3rd quarter. Global Retirement Partners LLC now owns 974 shares of the company’s stock worth $44,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Key Headlines Impacting 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.