Gitlab Stock Target Price and Analyst Consensus

GTLB Stock  USD 58.32  0.43  0.73%   
The current analyst and expert consensus on Gitlab is Strong Buy with 5 hold recommendations. The current projected Gitlab target price consensus is 57.29 with 23 analyst opinions. One of the most common ways Gitlab Inc analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Gitlab vendors, executives, and/or customers. Gitlab recommendation module provides expert sentiment on the projected Gitlab Inc target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Gitlab to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
52.13
Highest Forecast
63.59
Target Price
57.29
As of March 29, 2024, Gross Profit is expected to decline to about 290.7 M. In addition to that, Pretax Profit Margin is expected to decline to -0.3. At present, Gitlab's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 695.2 M, whereas Total Assets are forecasted to decline to about 953.2 M.
  
It's important to approach Gitlab's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Gitlab Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Gitlab target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Gitlab's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   23  Strong Buy
Most Gitlab analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Gitlab stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Gitlab Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Gitlab Target Price Projection

Gitlab's current and average target prices are 58.32 and 57.29, respectively. The current price of Gitlab is the price at which Gitlab Inc is currently trading. On the other hand, Gitlab's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Gitlab Market Quote on 29th of March 2024

Low Price58.17Odds
High Price59.25Odds

58.32

Target Price

Analyst Consensus On Gitlab Target Price

Low Estimate52.13Odds
High Estimate63.59Odds

57.29

Historical Lowest Forecast  52.13 Target Price  57.29 Highest Forecast  63.59
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Gitlab Inc and the information provided on this page.

Gitlab Analyst Ratings

Gitlab's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Gitlab stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Gitlab's financials, market performance, and future outlook by experienced professionals. Gitlab's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Gitlab price targets

Gitlab's stock target price is an estimate of its future price, usually made by analysts. Using Gitlab's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Gitlab's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Gitlab's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Gitlab Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Gitlab is a key component of Gitlab valuation and have some predictive power on the future returns of a Gitlab.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gitlab's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
54.6058.3562.10
Details
Intrinsic
Valuation
LowRealHigh
52.0155.7659.51
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.010.060.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gitlab. Your research has to be compared to or analyzed against Gitlab's peers to derive any actionable benefits. When done correctly, Gitlab's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Gitlab Inc.

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When determining whether Gitlab Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gitlab's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gitlab Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gitlab Inc Stock:
Check out Macroaxis Advice on Gitlab to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Gitlab's price analysis, check to measure Gitlab's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gitlab is operating at the current time. Most of Gitlab's value examination focuses on studying past and present price action to predict the probability of Gitlab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitlab's price. Additionally, you may evaluate how the addition of Gitlab to your portfolios can decrease your overall portfolio volatility.
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The data published in Gitlab's official financial statements usually reflect Gitlab's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Gitlab Inc. For example, before you start analyzing numbers published by Gitlab accountants, it's critical to develop an understanding of what Gitlab's liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of Gitlab's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Gitlab's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Gitlab's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Gitlab Inc. Please utilize our Beneish M Score to check the likelihood of Gitlab's management manipulating its earnings.