Barclays Issues Pessimistic Forecast for GitLab (NASDAQ:GTLB) Stock Price

Market Beat
2025.09.06 15:07
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Barclays has lowered its price target for GitLab (NASDAQ:GTLB) from $47.00 to $44.00, maintaining an "equal weight" rating. This suggests a potential downside of 2.87% from the current price. Other analysts have also adjusted their targets, with Canaccord Genuity setting a target of $70.00 and Mizuho at $52.00. GitLab's stock recently traded at $45.30, with a consensus rating of "Moderate Buy" and an average target of $58.39. The company reported a quarterly revenue increase of 26.8% year-over-year, with earnings per share of $0.17, exceeding estimates.

GitLab (NASDAQ:GTLB - Get Free Report) had its price target reduced by investment analysts at Barclays from $47.00 to $44.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price points to a potential downside of 2.87% from the stock's current price.

  • Buy the Dip? GitLab’s Bullish Case Outweighs the Bears

A number of other research analysts also recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of GitLab from $76.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday. Mizuho reduced their price objective on GitLab from $55.00 to $52.00 and set an "outperform" rating for the company in a report on Friday. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of GitLab in a research note on Thursday. Macquarie reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of GitLab in a research note on Thursday. Finally, KeyCorp decreased their price objective on GitLab from $60.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday. Nineteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GitLab has a consensus rating of "Moderate Buy" and an average price target of $58.39.

Check Out Our Latest Stock Analysis on GTLB

GitLab Stock Up 4.2%

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Shares of GitLab stock traded up $1.84 during trading hours on Friday, hitting $45.30. 2,935,906 shares of the company's stock traded hands, compared to its average volume of 3,706,200. The stock has a 50 day simple moving average of $44.78 and a 200-day simple moving average of $47.53. GitLab has a twelve month low of $37.90 and a twelve month high of $74.18. The company has a market cap of $7.48 billion, a PE ratio of -1,127.50 and a beta of 0.75.

GitLab (NASDAQ:GTLB - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. GitLab had a negative net margin of 0.55% and a negative return on equity of 2.80%. The firm had revenue of $214.51 million for the quarter, compared to analysts' expectations of $213.21 million. During the same period in the previous year, the company posted $0.03 EPS. The company's quarterly revenue was up 26.8% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.740-0.750 EPS. Q2 2026 guidance at 0.160-0.17 EPS. As a group, equities research analysts predict that GitLab will post -0.31 EPS for the current year.

Insider Buying and Selling

  • GitLab: Buy It Low While You Still Can—Higher Prices Are Coming

In related news, Director Sytse Sijbrandij sold 108,600 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.44, for a total transaction of $4,500,384.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 129,400 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $42.32, for a total value of $5,476,208.00. Following the completion of the sale, the director directly owned 551,997 shares in the company, valued at approximately $23,360,513.04. This represents a 18.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,950 shares of company stock valued at $20,025,356. Insiders own 16.37% of the company's stock.

Institutional Investors Weigh In On GitLab

A number of large investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of GitLab during the 2nd quarter worth approximately $840,000. Nomura Holdings Inc. lifted its stake in shares of GitLab by 327.0% during the 2nd quarter. Nomura Holdings Inc. now owns 18,193 shares of the company's stock worth $821,000 after purchasing an additional 13,932 shares during the last quarter. KP Management LLC grew its position in GitLab by 10.2% during the 2nd quarter. KP Management LLC now owns 16,527 shares of the company's stock worth $746,000 after purchasing an additional 1,527 shares during the period. Nikko Asset Management Americas Inc. boosted its holdings in GitLab by 46.2% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,041,331 shares of the company's stock worth $92,023,000 after buying an additional 644,718 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of GitLab by 119.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,576 shares of the company's stock valued at $342,000 after buying an additional 4,119 shares during the period. Hedge funds and other institutional investors own 95.04% of the company's stock.

About GitLab

(Get Free Report)

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.

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