GTLB - GitLab: Four Reasons To Buy

2024-05-09 02:51:53 ET

Summary

• GitLab's stock has lost about 47.5% of its value since its IPO in October 2021.
• The company's annual revenue growth has been trending downwards, consumes cash during operations, and is loss-making.
• It saw progress on both fronts in FY'24.
• GitLab competes with giants like Microsoft and Atlassian in the highly competitive DevOps industry, but it differentiates itself with AI integration and extensive platform features.
• There are four reasons for this bullish thesis, including three growth drivers and the improvement in cash generation which should reduce the need to sell equities.

Since its October 2021 IPO, GitLab ( GTLB ), the cloud-based DevOps platform that helps software developers share their code and collaborate on projects, has lost around 47.5% of its value while the S&P 500 has gone up by more than 17% during the same period....

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