GTLB - GitLab Is A Gen AI Beneficiary With Growth Upside Says Bullish Analyst: Here's Why | Benzinga
Earlier this month, GitLab Inc (NASDAQ: GTLB) reported upbeat fourth-quarter results, but its shares came under pressure on mixed 2025 outlook.
The company is well positioned as "the broadest independent DevSecOps platform,” with a total addressable market estimate at over $120 billion, with space for multiple players, according to KeyBanc Capital Markets.
The GitLab Analyst: Jason Celino reiterated an Overweight rating and price target of $70.
The GitLab Thesis: While Gartner projects that 75% of organizations will have switched to DevOps platforms by 2027, versus 25% in 2023, and GitLab is a key beneficiary of this trend, given its comprehensive DevSecOps ...