Analyst Shrenik Kothari from Robert W. Baird maintained a Buy rating on Gitlab (GTLB – Research Report) and decreased the price target to $76.00 from $80.00.
Shrenik Kothari has given his Buy rating due to a combination of factors including Gitlab’s strong position in the DevSecOps and AI markets, which supports its potential for sustained growth. The company is expected to report solid revenue growth in the low-to-mid 20s percentage range for FY26, with a promising outlook for operating and free cash flow margins. Despite some uncertainties related to federal spending and a CEO transition, these are seen as opportunities for Gitlab to exceed expectations in the future.
Additionally, Gitlab’s recent stock pullback presents an attractive entry point for investors, as the company’s valuation remains compelling given its leadership in vendor consolidation and strategic partnerships. The firm’s ability to expand its platform and win large enterprise deals further strengthens its growth prospects. With a history of beating sales estimates and strong demand for its AI-powered solutions, Gitlab is well-positioned for continued success, justifying the Buy rating.
In another report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $80.00 price target.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year.