Be wary of chasing the coding platform's recent rally, with shares already up 46% over the past three months.
GitLab NASDAQ: GTLB reported second-quarter fiscal 2027 revenue of $286.3 million, up 21% from a year earlier, as the company cited record gross bookings, accelerating net annual recurring revenue growth and increased demand for its software development platform.
GitLab Inc. (GTLB) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.24 per share a year ago.
GTLB heads into Q2 earnings with cloud and AI demand driving growth, while competition and restructuring risks might weigh on results.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Gitlab (GTLB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2026.
The Zacks Internet Software industry participants like U, HUBS and GTLB are benefiting from high demand for AI-infused software, as well as cybersecurity applications.
GitLab adds governed agentic AI, security fixes and workflow tools as enterprise adoption supports strong revenue growth.
GitLab (NASDAQ:GTLB | GTLB Price Prediction) sits in an awkward but strategic corner of the AI software boom: it owns the DevSecOps control plane where enterprise code gets written, tested, secured, and shipped, yet the market has treated it like a laggard.
Gitlab (GTLB) reported earnings 30 days ago. What's next for the stock?
Gitlab (GTLB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The mean of analysts' price targets for Gitlab (GTLB) points to a 26.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
GitLab Inc. (GTLB) Presents at GitLab Transcend-London Transcript