GitLab (GTLB) stock forecast for 2024. Forecast tables and graphs.







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GitLab (GTLB) stock forecast for 2024

Updated: May 18, 2024 (12:46)

Sector: Technology

The share price of GitLab Inc. (GTLB) now

What analysts predict: $72.82
52-week High/Low: $78.53 / $32.66

50/200 Day Moving Average: $55.76 / $55.05

This figure corresponds to the Average Price over the previous 50/200 days. For GitLab stocks, the 50-day moving average is the resistance level today.

For GitLab stocks, the 200-day moving average is the resistance level today.

Are you interested in GitLab Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the GitLab stock price in 2024. How much will one GitLab share be worth in 2024? Is it worth taking profit / loss on GTLB stock now or waiting? What are analysts' forecasts for GitLab stock?

We forecast GitLab stock performance using neural networks based on historical data on GTLB stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

GitLab Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for GitLab analysts is $72.82. Today 200 Day Moving Average is the resistance level (55.05 $). 50 Day Moving Average is the resistance level (55.76 $).




Historical and forecast chart of GitLab Inc. stock

The chart below shows the historical price of GitLab stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the GTLB stock price can be found in the table below.


GitLab is a DevOps platform, a single application that brings together development, operations, IT, security, and business teams to achieve desired business outcomes.
Bringing all teams together in one application with a single interface represents a step change in how organizations plan, build, secure, and deliver software, enabling everyone to contribute to better software quickly, efficiently, and securely.
It covers all stages of the DevOps lifecycle, and also allows customers to manage and secure their applications in any cloud using a single platform.
GitLab has an open core business model. GitLab offers a free tier with many features to drive DevOps, solicit contributions, and serve as a targeted lead generation for paying customers.
GitLab also offers two tiers of paid subscriptions with access to additional features that are more relevant to managers, directors, and executives. Since its inception, GitLab has been working 100% remotely.

GitLab (GTLB) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jun 62.13 58.26 67.05 13.12 %
Jul 63.55 58.90 66.98 12.07 %
Aug 61.57 56.77 67.48 15.88 %
Sep 63.71 59.96 67.00 10.50 %
Oct 62.26 56.73 66.89 15.19 %
Nov 64.27 58.64 67.05 12.54 %
Dec 67.21 64.79 69.06 6.19 %

GitLab information and performance

GitLab Address

268 BUSH STREET, #350, SAN FRANCISCO, CA, US

Market Capitalization: 8 978 584 000 $

Market capitalization of the GitLab Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of GTLB shares in the company outstanding by the market price of one share.

EBITDA: -175 078 000 $

EBITDA of GitLab is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -2.75

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.333
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 250

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 12.56

Enterprise Value (EV) /Revenue

EV To EBITDA: -40.27

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 132548000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

GitLab price target for 2024 by month


Target values for the price of one GitLab share for Jun 2024.

The weighted average target price per GitLab share in Jun 2024 is: 62.13.
In Jun, the Positive dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 13.121% volatility is expected.
Pessimistic target level: 58.26
Optimistic target level: 67.05

Target values for the price of one GitLab share for Jul 2024.

The weighted average target price per GitLab share in Jul 2024 is: 63.55.
In Jul, the Positive dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 12.068% volatility is expected.
Pessimistic target level: 58.90
Optimistic target level: 66.98

Target values for the price of one GitLab share for Aug 2024.

The weighted average target price per GitLab share in Aug 2024 is: 61.57.
In Aug, the Negative dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 15.876% volatility is expected.
Pessimistic target level: 56.77
Optimistic target level: 67.48

Target values for the price of one GitLab share for Sep 2024.

The weighted average target price per GitLab share in Sep 2024 is: 63.71.
In Sep, the Positive dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 10.498% volatility is expected.
Pessimistic target level: 59.96
Optimistic target level: 67.00

Target values for the price of one GitLab share for Oct 2024.

The weighted average target price per GitLab share in Oct 2024 is: 62.26.
In Oct, the Negative dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 15.190% volatility is expected.
Pessimistic target level: 56.73
Optimistic target level: 66.89

Target values for the price of one GitLab share for Nov 2024.

The weighted average target price per GitLab share in Nov 2024 is: 64.27.
In Nov, the Positive dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 12.538% volatility is expected.
Pessimistic target level: 58.64
Optimistic target level: 67.05

Target values for the price of one GitLab share for Dec 2024.

The weighted average target price per GitLab share in Dec 2024 is: 67.21.
In Dec, the Positive dynamics for GitLab Inc. shares will prevail with possible monthly volatility of 6.189% volatility is expected.
Pessimistic target level: 64.79
Optimistic target level: 69.06



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.