Cantor Fitzgerald Reiterates Overweight Rating on GitLab Inc (GTLB)

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $80.00 price target on GitLab Inc (NASDAQ: GTLB).

The analyst commented, "We maintain our 12-month price target at $80 using a F2026E EV/Sales multiple of 12.8x, which compares to the mean peer multiple of 10.7x, with peers growing less-rapidly. We believe this multiple is justified, as GitLab is a leading comprehensive AI-powered DevSecOps platform seeking to consolidate adjacent markets in developer security and IT operations (i.e., enterprise agile planning, incident management, observability, compliance), while upselling Gen-AI assistant capability in GitLab Duo/Enterprise. We believe GitLab is poised to gain market share by collapsing legacy or pointsolution providers one-by-one."

For an analyst ratings summary and ratings history on GitLab Inc click here. For more ratings news on GitLab Inc click here.

Shares of GitLab Inc closed at $56.25 yesterday.

You May Also Be Interested In

• Chemours reaches $450M settlement over PFAS pollution at four sites
• Chemours to pay $112.5M to settle EPA PFAS claims
• flyExclusive says Jet.AI merger needs 22,500 more votes to pass