GitLab (GTLB) Stock: $95 Price Target And Buy Rating

By Amit Chowdhry ● Updated May 14, 2022
  • The shares of GitLab Inc (NASDAQ: GTLB) have received a $95 price target from Truist. These are the details.

The shares of GitLab Inc (NASDAQ: GTLB) have received a $95 price target from Truist. And Truist Securities analyst Joel Fishbein is maintaining a “Buy” rating on the shares.

Fishbein adjusted the rating following the company’s fourth-quarter results. GitLab had reported a Q4 EPS of ($0.16), which was $0.09 higher than analyst estimates of ($0.25). And the revenue for the quarter was $77.8 million compared to the consensus estimate of $70.29 million.

In terms of guidance, GitLab expects a Q1 2023 EPS of ($0.28)-($0.27), compared to the consensus of ($0.30). And GitLab expects Q1 2023 revenue of between $77 million and $78 million, compared to the consensus of $72.8 million.

Plus GitLab expects FY2022 EPS of ($1.02)-($0.97), compared to the consensus of ($1.04). And GitLab expects FY2022 revenue of between $385.5 million and $390.5 million, compared to the consensus of $336.64 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.