GitLab (GTLB) is set to report its fiscal Q3 2026 earnings on Tuesday, December 2. GTLB stock has been very volatile, dropping over 27% year-to-date in 2025. While Wall Street analysts stay bullish on the stock, the recent slump could open the door for a potential short-term rebound—if earnings can deliver a strong momentum.
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According to TipRanks’ Options Tool, options traders are pricing in roughly a 13.3% potential swing in GTLB stock, either up or down, ahead of its Q3 FY26 earnings report.
What to Expect from GitLab’s Q3 Earnings
Analysts expect GitLab to post adjusted earnings of $0.20 per share in Q3, compared to $0.23 in the same quarter last year. Meanwhile, revenue is projected at $239.3 million, rising 22% year-over-year.
Last quarter, GitLab beat analysts’ revenue estimates by 4%, reporting $236 million, up 29.2% year-over-year. The company also exceeded analysts’ expectations with an EPS of $0.24, exceeding the forecast of $0.16 by 50%.
Top Analysts Stay Bullish on GTLB Stock
Ahead of its earnings, five-star-rated analyst Koji Ikeda at Bank of America Securities reiterated his Buy rating on GTLB stock. His price target of $72 implies an upside of over 75% from the current level.
Ikeda sees GitLab as a strong fit for today’s software market. He believes new code-generation tools don’t hurt DevSecOps—instead, they make smarter management platforms like GitLab even more important. He also pointed out that GitLab’s strong growth in seat-based subscriptions, along with faster-rising revenue, makes it stand out from the rest of the software industry, where growth has been slower.
On top of that, Ikeda believes the company’s continued margin growth could be a key boost for the stock if upcoming earnings support the momentum.
Similarly, TD Cowen analyst Derrick Wood believes the company’s strong revenue growth will continue. His checks with enterprise customers show healthy demand, and so far, AI has not meaningfully disrupted the business.
Is GitLab a Good Stock to Buy?
According to TipRanks, GTLB stock has a Moderate Buy consensus rating based on 18 Buys and seven Holds assigned over the last three months. GitLab’s stock price target of $56.96 implies a 38.7% upside potential from current levels.
