Wells Fargo & Company Lowers GitLab (NASDAQ:GTLB) Price Target to $26.00

GitLab (NASDAQ:GTLB) had its price target reduced by equities research analysts at Wells Fargo & Company from $45.00 to $26.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 2.48% from the stock’s current price.

GTLB has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of GitLab from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Canaccord Genuity Group lowered their price target on GitLab from $70.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. Bank of America cut their price objective on GitLab from $72.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen downgraded GitLab from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a report on Monday. Finally, Truist Financial cut their price objective on shares of GitLab from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.96.

GitLab Price Performance

Shares of NASDAQ:GTLB 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 cap of $4.27 billion, a P/E ratio of -72.49 and a beta of 0.79. The stock’s fifty day moving average price is $32.65 and its 200-day moving average price is $40.59.

GitLab (NASDAQ:GTLB) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $260.40 million during the quarter, compared to the consensus estimate of $252.31 million. GitLab had a negative return on equity of 1.79% and a negative net margin of 5.86%.GitLab’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. On average, sell-side analysts anticipate that GitLab will post -0.31 earnings per share for the current year.

Insider Transactions at GitLab

In other news, Director Susan L. Bostrom sold 70,000 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $39.55, for a total value of $2,768,500.00. Following the completion of the transaction, the director owned 79,819 shares of the company’s stock, valued at $3,156,841.45. This represents a 46.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Simon Mundy sold 2,756 shares of GitLab stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $38.42, for a total value of $105,885.52. Following the sale, the chief accounting officer directly owned 47,184 shares in the company, valued at $1,812,809.28. This trade represents a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 603,744 shares of company stock valued at $22,536,495. 16.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GitLab

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in GitLab by 9.2% during the third quarter. Vanguard Group Inc. now owns 15,281,775 shares of the company’s stock valued at $688,902,000 after acquiring an additional 1,285,881 shares in the last quarter. Eminence Capital LP grew its position in shares of GitLab by 6.9% during the fourth quarter. Eminence Capital LP now owns 7,702,226 shares of the company’s stock valued at $289,065,000 after purchasing an additional 494,497 shares in the last quarter. HMI Capital Management L.P. increased its holdings in shares of GitLab by 32.3% in the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock worth $264,283,000 after purchasing an additional 1,430,151 shares during the last quarter. Atreides Management LP lifted its position in shares of GitLab by 38.9% in the third quarter. Atreides Management LP now owns 5,470,305 shares of the company’s stock worth $246,601,000 after buying an additional 1,532,107 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in GitLab by 766.3% during the fourth quarter. AQR Capital Management LLC now owns 5,433,375 shares of the company’s stock valued at $203,915,000 after buying an additional 4,806,163 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Key GitLab News

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

GitLab Company Profile

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.