GitLab Inc. ($GTLB) Stock Forecast: Down 5.3% Today

What is GitLab Inc.?

GitLab (NASDAQ: GTLB) is a technology company that offers a DevOps platform for software development, allowing enhanced team collaboration. The stock saw a downward movement today amidst recent developments and financial updates.

Why is GitLab Inc. going down?

GTLB stock is down 5.3% on Jun 13, 2025 17:44

• The first-quarter earnings and revenue for GitLab exceeded expectations, but the stock trended bearishly.
• Negative market response was triggered by concerns about heightened competition in the AI industry and uncertainties regarding the company's performance in the public sector.
• Analysts adjusted their predictions for GitLab post the financial results, which could have influenced the stock's decline.
• Despite positive financial outcomes, prevailing sentiment and market factors led to a reduction in GitLab's stock value.

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Jim Cramer: All Aboard Union Pacific, 'Tired' Of Orphan Drugs - GitLab ( NASDAQ:GTLB ) , BioMarin Pharmaceutical ( NASDAQ:BMRN )

"I was prepared for disappointment and I got it," Cramer on GitLab. "I think it's a really good stock to own," Cramer on Union Pacific. Ready to turn the market's comeback into steady cash flow? Grab the top 3 stocks to buy right here.

https://www.benzinga.com/markets/equities/25/06/45902060/jim-cramer-orphan-drugs-union-pacific-mad-money

Gitlab Stock Is Moving Lower Wednesday: What's Going On? - GitLab ( NASDAQ:GTLB )

Gitlab reported first-quarter financial results on Tuesday after the market closed. Get the Strategy to Trade Pre-Fed Setups and Post-Fed Swings-Live With Chris Capre on Wednesday, June 11. GitLab Inc.

https://www.benzinga.com/trading-ideas/movers/25/06/45890102/gitlab-stock-is-moving-lower-wednesday-whats-going-on

Gitlab Shares Fall Despite Q1 Earnings Beat, Revenues Up Y/Y

GTLB beats fiscal Q1 earnings and revenue estimates, but shares sink over AI competition and public sector concerns.

https://www.zacks.com/stock/news/2494633/gitlab-shares-fall-despite-q1-earnings-beat-revenues-up-yy

This UnitedHealth Group Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday - Artelo Biosciences ( NASDAQ:ARTL ) , BILL Holdings ( NYSE:BILL )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Jefferies analyst Julien Dumoulin-Smith downgraded Sunrun Inc.

https://www.benzinga.com/analyst-stock-ratings/downgrades/25/06/45886082/this-unitedhealth-group-analyst-is-no-longer-bullish-here-are-top-5-downgrades-f

GitLab Analysts Slash Their Forecasts After Q1 Results - GitLab ( NASDAQ:GTLB )

GitLab, Inc. GTLB posted better-than-expected first-quarter results and issued second-quarter sales guidance with its midpoint below estimates on Tuesday. GitLab reported quarterly earnings of 17 cents per share, which beat the analyst consensus estimate of 15 cents.

https://www.benzinga.com/news/25/06/45883069/gitlab-analysts-slash-their-forecasts-after-q1-results

Trending Today

GitLab Inc. Price History

13.05.2025 - GTLB Stock was down 5.3%

• The first-quarter earnings and revenue for GitLab exceeded expectations, but the stock trended bearishly.
• Negative market response was triggered by concerns about heightened competition in the AI industry and uncertainties regarding the company's performance in the public sector.
• Analysts adjusted their predictions for GitLab post the financial results, which could have influenced the stock's decline.
• Despite positive financial outcomes, prevailing sentiment and market factors led to a reduction in GitLab's stock value.

08.04.2025 - GTLB Stock was up 5.3%

• Today's upward trend in GTLB's stock price may reflect market expectations of favorable earnings performance in the upcoming quarter.
• Investor sentiment appears positive regarding GTLB's likelihood to outperform estimates once more, influenced by its history of surpassing expectations.
• The market's confidence in GTLB's capacity to sustain growth and achieve robust financial results in the forthcoming earnings release is evident in current movements.

07.03.2025 - GTLB Stock was up 5.3%

• Cathie Wood's optimistic decision to increase stakes in Robinhood amidst a market fluctuation might have reflected a favorable outlook towards tech firms like GitLab.
• The broadening of Robinhood's financial services offerings possibly elevated investor assurance in the technology industry, consequently aiding companies such as GitLab.
• An investment strategy by Ark Invest likely played a part in the positive momentum of GitLab's stock as market participants may interpret it as a promising sign for tech stocks in general.

07.03.2025 - GTLB Stock was up 11.1%

• Despite a 27% year-to-date decline, GTLB exhibited a strong bullish performance today, suggesting a potential turnaround.
• Investor optimism and confidence in the company's future growth prospects are likely being fueled by its AI-driven DevSecOps adoption and strategic partnerships.
• Market sentiment towards tech stocks like GTLB may have been positively impacted by Cathie Wood's increased investment in Robinhood stock amid a Trump tariff decline, potentially contributing to GTLB's bullish movement today.

31.00.2025 - GTLB Stock was up 6.7%

• The strong bullish movement in GitLab's stock (GTLB) can be attributed to deep-pocketed investors adopting a bullish approach towards the company, as indicated by the options trading trends.
• The significant rise in share price and above-average trading volume suggest heightened investor interest and confidence in GitLab's future prospects.
• Despite the recent strength in the stock, the latest trend in earnings estimate revisions does not necessarily indicate a sustained upward momentum, prompting caution among investors regarding the stock's future performance.

10.02.2025 - GTLB Stock was down 5.4%

• GitLab's stock is down due to a combination of factors:
• Rising competition in the tech sector is making investors wary of the company's future growth potential.
• Despite strong earnings and revenue beat in Q4, a cautious outlook from analysts and a lowered price forecast are impacting investor sentiment.
• Cathie Wood's Ark Invest making significant trades involving GitLab reflects a mixed sentiment in the market, with some investors holding on while others may be letting go.
• The overall market movement could be attributed to profit-taking after a period of gains, as investors reassess the risk-reward balance in light of the company's stable Q1 guidance and public sector risks.

04.02.2025 - GTLB Stock was up 5.4%

• GitLab exceeded expectations with its Q4 earnings and revenues, driven by a robust demand for DevSecOps solutions and continued expansion into enterprise markets.
• In contrast, a notable analyst revised GitLab's price target to $62, expressing some caution despite the company's strong financial performance.
• Amidst a bearish market day triggered by new tariffs announced by President Trump, GitLab stood out with its notable results, maintaining its bullish trend.
• Investor sentiment towards GitLab remains positive, reflecting confidence in the company's ability to thrive in the face of challenges and uncertainties.

11.05.2025 - GTLB Stock was down 13.2%

• Despite surpassing earnings and revenue estimates, GitLab's stock saw a decline in value.
• The market response may have been influenced by the Q2 revenue outlook falling short of expectations, despite a strong Q1.
• Investor apprehension about maintaining growth in the future quarters is evident.
• The contrast between the favorable earnings results and the downgraded revenue forecast likely prompted profit collection and a pessimistic stance among traders.

11.05.2025 - GTLB Stock was down 10.2%

• Beat fiscal Q1 earnings and revenue estimates.
• Experienced a decline due to concerns over competition in the AI sector and public sector issues.
• Analysts revised forecasts with second-quarter sales guidance below expectations.
• Market reacted negatively to the strong earnings performance versus lower-than-expected sales guidance.
• Investors cautious about future growth potential in light of challenges highlighted by analysts and market reaction to earnings report.

11.05.2025 - GTLB Stock was down 8.8%

• GitLab's stock experienced a strong bearish movement after the company posted better-than-expected first-quarter results but issued second-quarter sales guidance below estimates.
• Analysts slashed their forecasts for GitLab after the Q1 results, indicating a lack of confidence in the company's future performance.
• Despite beating the analyst consensus estimate for earnings and revenue in Q1, the stock dropped as the Q2 revenue guidance fell short of expectations.
• The downward revision of forecasts by analysts ahead of the earnings call and the subsequent market reaction suggest concerns about GitLab's growth prospects, leading to the bearish movement in the stock price today.

07.02.2025 - GTLB Stock was down 5.3%

• GitLab's stock experienced a bearish movement today despite surpassing Q4 earnings and revenue estimates, indicating potential profit-taking or market uncertainty.
• The analyst's lowered price forecast of $62 may have contributed to the bearish trend, reflecting cautious outlook despite strong performance.
• The broader market sell-off following a significant announcement likely added downward pressure on GitLab's stock, as investors turned risk-averse and shifted towards safer assets.
• An investment firm's purchase of another company's stock could have diverted attention and capital away from GitLab, impacting its performance in today's trading session.

28.01.2025 - GTLB Stock was down 5.3%

• The bearish movement in GTLB today could be attributed to concerns over the impact of tax agreements on the company's cash flow, despite the anticipated strong SaaS growth and AI innovations in the upcoming earnings report.
• Investors might be cautious about the potential negative effects of the tax agreements on GitLab's financial performance, leading to a sell-off of the stock.
• The market might be reacting to uncertainties surrounding the company's ability to maintain its growth trajectory amidst cash flow pressures, resulting in the bearish movement observed today.