
GitLab (GTLB) Stock Forecast & Price Target
GitLab (GTLB) Analyst Ratings
Bulls say
GitLab Inc reported significant growth with its GitLab Duo weekly active usage increasing nearly 6x year-to-date, indicating strong engagement and potential for further adoption. The company's Ultimate tier adoption rose to 54% of total annual recurring revenue (ARR), signaling a positive trend in upselling to existing customers. Additionally, management raised the high end of FY26 revenue guidance to $946–$947 million, implying a robust 25% year-over-year growth, demonstrating confidence in the company's ability to navigate challenges and capitalize on market opportunities.
Bears say
GitLab faces multiple challenges that contribute to a negative financial outlook, including slow ramp-up of new logo acquisition teams and potential declines in overall sales productivity amid market weaknesses. Notably, the company has seen a significant decrease in net new customers with annual recurring revenue (ARR) exceeding $5K, falling to 137 in the latest quarter from 234 in the prior quarter and 205 year-over-year. Additionally, despite a non-GAAP operating margin of 17.2% surpassing guidance, a non-GAAP gross margin of 88.6% fell below expectations, which, combined with broader market dynamics and federal government shutdown impacts, raises concerns about future profitability and growth sustainability.
This aggregate rating is based on analysts' research of GitLab and is not a guaranteed prediction by Public.com or investment advice.
GitLab (GTLB) Analyst Forecast & Price Prediction
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