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On Tuesday, Bernstein SocGen Group revised its price target on GitLab Inc (NASDAQ: GTLB) shares, reducing it from $78.00 to $76.00, while continuing to recommend the stock with an Outperform rating. With the stock currently trading at $56.25 and analyst targets ranging from $58 to $90, the new price target suggests significant upside potential. The adjustment follows the company’s fiscal fourth-quarter 2025 earnings report, which concluded at the end of January 2025.
The report revealed that GitLab’s revenue outperformed its guidance by 2.9%, which is within the range of its yearly performance, with previous quarters registering beats between 2.2% and 4.6%. The company maintains impressive gross profit margins of 88.79% and has achieved robust revenue growth of 30.93% over the last twelve months. Bernstein analysts highlighted the company’s consistent delivery above guidance as a positive sign of its performance.InvestingPro analysis reveals several strengths, including strong liquidity with a current ratio of 2.47 and a solid balance sheet with more cash than debt. Subscribers can access 6 additional exclusive ProTips and comprehensive financial metrics in the Pro Research Report.
In his initial quarter as CEO, Bill Staples demonstrated a growing momentum in GitLab’s product platform and customer demand. His introduction of a new Chief Revenue Officer (CRO), who seems to have seamlessly integrated into the company, was also noted by the analysts as a positive development for GitLab.
Despite the fact that GitLab’s guidance for the first quarter and the full fiscal year 2026 came in slightly below consensus estimates, the company’s stock experienced a 2% increase in after-market trading. This uptick is attributed by analysts to the strong narrative surrounding the company’s leadership and strategic direction under CEO Bill Staples.
Bernstein’s analysis suggests that the leadership’s efforts and the company’s earnings narrative played a significant role in the positive investor sentiment that led to the stock’s rise in after-market trading. The firm maintains its positive outlook on GitLab shares, reflected in the Outperform rating, even with the minor adjustment to the price target.
In other recent news, GitLab Inc has reported a robust 29% year-over-year increase in revenue, surpassing consensus expectations by 3%. This financial performance has led to various analysts adjusting their price targets and ratings for the company. Goldman Sachs reduced its price target for GitLab from $88 to $80 while maintaining a Buy rating, citing the company’s improved operating and free cash flow margins. Wolfe Research also adjusted its price target from $78 to $69, yet upheld an Outperform rating, noting GitLab’s strong fourth-quarter results and alignment with fiscal 2026 revenue guidance.
Additionally, DA Davidson reaffirmed a Neutral rating with a $60 price target, acknowledging GitLab’s growth in its Ultimate tier product and the increase in new customers with significant annual recurring revenue. Truist Securities maintained a Buy rating with a $90 price target, highlighting GitLab’s successful execution of its business strategy and potential for continued growth. Barclays (LON:BARC), on the other hand, raised its price target to $165 while keeping an Equalweight rating, reflecting updated EBITDA estimates for the fiscal years 2025 and 2026. These developments indicate a mixed yet generally positive outlook from analysts regarding GitLab’s financial trajectory and strategic positioning in the market.
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