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Bank of America Securities Reiterates Buy Rating for Gitlab with $72.00 Target
ByAinvest
Saturday, Jul 19, 2025 12:41 pm ET1min read
Bank of America Securities maintains a Buy rating for Gitlab (GTLB) with a price target of $72.00. Analyst Koji Ikeda has a 5-star rating with a 58.54% success rate. The company reported Q1 revenue of $214.51 million and a GAAP net loss of $35.88 million. The analyst consensus is Strong Buy with a price target consensus of $61.48, a 39.03% upside from current levels.
GitLab Inc. (GTLB) continues to receive strong analyst support, with Bank of America Securities maintaining a Buy rating and setting a price target of $72.00. Analyst Koji Ikeda, who has a 5-star rating and a 58.54% success rate, highlighted GitLab's "Duo strategy" as a key driver for increased adoption of premium paid tiers and AI products [1].The company reported Q1 revenue of $214.5 million, a 27% year-over-year increase, and a GAAP net loss of $35.88 million. Analyst consensus remains Strong Buy with a price target consensus of $61.48, indicating a 39.03% upside from current levels [2].
GitLab's strong performance is driven by its AI-native DevSecOps platform, which has seen robust adoption. The company's strategic differentiators, such as cloud agnosticism and comprehensive solutions across the software development lifecycle, have contributed to its success. Additionally, GitLab's recent FedRAMP Moderate authorization is expected to boost its public sector business with its Dedicated offering [3].
Despite the strong Q1 results, there are some concerns. The company's Q1 beat was described as one of the 'skinniest' since its IPO, indicating tighter performance margins. There was also a noted deceleration in sequential customer adds, particularly in the $100,000 ARR cohort [2].
Looking ahead, GitLab expects revenue between $226.0 million and $227.0 million for Q2 FY2026 and projects FY2026 revenue of $936M to $942M. The company is well-positioned to continue its growth trajectory, driven by its innovative platform and strong market position.
References:
[1] https://finance.yahoo.com/news/gitlab-gtlb-gets-vote-confidence-150131835.html
[2] https://www.gurufocus.com/news/2976480/gitlab-gtlb-receives-buy-rating-from-rosenblatt-with-58-price-target-gtlb-stock-news
[3] https://www.stocktitan.net/news/GTLB/
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