GitLab Surges to 373rd in Trading Volume with $253 Million in Shares Exchanged Despite Slight Stock Decline

On June 9, 2025,
(GTLB) experienced a significant surge in trading volume, with a total of $253 million in shares exchanged, marking an 84.63% increase from the previous day. This surge placed GitLab at the 373rd position in terms of trading volume for the day. However, despite the high trading volume, GitLab's stock price closed the day with a slight decline of 0.27%.GitLab is scheduled to release its first-quarter fiscal 2026 results after the market closes on June 10, 2025. The company has faced a challenging year-to-date performance, with its stock declining by more than 13% due to concerns over a slowdown in enterprise spending amidst macroeconomic uncertainty and tariff issues. However, analysts remain optimistic about GitLab's prospects, citing the company's potential to benefit from AI-powered growth.
Ask Aime: Why is GitLab stock down despite massive trading surge?
GitLab's DevSecOps platform is designed to enhance developer productivity and operational efficiency by enabling the secure and scalable development, deployment, and management of software. Analysts anticipate that GitLab's adjusted earnings per share (EPS) for the first quarter of fiscal 2026 will increase to $0.15 from $0.03 in the prior-year quarter, with revenue expected to rise by approximately 26% year-over-year to $212.96 million.
KeyBanc analyst Jason Celino reiterated a Buy rating on GitLab stock with a price target of $60, highlighting the potential for the company to exceed consensus revenue growth expectations of about 26% and achieve a 10.1% operating margin. Celino noted that GitLab's recent changes to its pricing and packaging strategy, including the free access to Duo Code Suggestions and Duo Chat for Premium and Ultimate users, could drive upgrades to the full Duo Pro and Enterprise offerings.
TD Cowen analyst Derrick Wood also maintained a Buy rating on GitLab stock, citing strong demand in the DevSecOps market and positive traction for the Ultimate SKU and Duo offerings. Wood expects GitLab to deliver another solid beat, with growth likely in the high 20% range. He views GitLab's valuation as attractive, with the stock trading at nearly 6x EV/sales for a mid-20% growth outlook, despite recent sector valuation pressures.
Overall, Wall Street has a Strong Buy consensus rating on GitLab stock, with 12 Buy and two Hold recommendations. The average price target of $69.14 implies about 42% upside potential from current levels. Investors will be closely watching GitLab's first-quarter fiscal 2026 results for insights into the company's performance and future outlook.
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