BTIG Rates GitLab (GTLB) buy, $36 Price Target
BTIG analyst Nick Altmann has reiterated a buy rating on GitLab Inc. with a price target of $36.00, a 27.16% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
BTIG rated GitLab Inc. ($GTLB) "buy" with a $36 price target on June 11, 2026.
Since the rating, $GTLB is down 6.5% after 1 week, up 17.9% after 1 month and up 85.8% to date (from the $28.40 close on Jun 11, 2026).
GTLB
GitLab Inc.
Key Points
- BTIG reiterated its buy rating on GitLab Inc. with a price target of $36.00, as of June 11, 2026.
- BTIG's $36 price target implies 27.16% upside from GitLab Inc.'s ($GTLB) current $28.31 share price.
- GitLab's stock is currently priced at $28.31, down from a previous close of $53.16.
- Analyst ratings vary, with a consensus buy recommendation and a mean price target of $55.71 from 24 analysts.
Get $GTLB trade alerts by text
We text you when insiders, Congress or big funds trade $GTLB. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated GitLab Inc. alert may contain errors. Disclosures
BTIG's Updated Stance on GitLab
BTIG analyst Nick Altmann has reiterated a buy rating on GitLab Inc. (GTLB) with a price target of $36.00, as detailed in a report dated June 11, 2026. GitLab's shares are currently trading at $28.31, significantly lower than the previous close of $53.16, reflecting a considerable shift in market sentiment.
How BTIG's Rating Compares
This reiteration comes as GitLab faces varying opinions on Wall Street. Other analysts are weighing in as well: on September 2, 2026, William Blair upgraded GitLab to a Market Perform rating, while DA Davidson maintains a Neutral rating with a price target of $55. The ratings from firms like Canaccord Genuity, which maintains a Buy rating with a $70 target, suggest mixed feelings about GitLab's future performance amid the tech sector's volatility.
Stock Performance and Market Context
GitLab's stock has fluctuated widely over the past year, with a 52-week low of $18.73 and a high of $57.89. The current price of $28.31 suggests that the stock is trading near its lower bounds, potentially indicating a buying opportunity for investors who believe in the company's long-term growth. This price is well below the 50-day moving average of $46.52, which could be a concern for traders looking for bullish signals.
$GTLB price target
GitLab Inc. daily closes and this analyst's $36 target. Not advice.
Recent Earnings
GitLab recently reported revenue of $1.06 billion, reflecting a growth rate of 21.3%. However, the company posted an EPS of -$0.32, indicating ongoing challenges with profitability as it navigates the competitive tech landscape. The next earnings report is scheduled for December 1, 2026, which will be crucial for assessing the company's financial trajectory.
What GitLab Inc. Does
GitLab Inc. specializes in software development lifecycle tools, offering an intelligent platform for DevSecOps. Founded in 2011 and based in San Francisco, GitLab provides a comprehensive solution for managing software development from planning through deployment. This focus on integrated services may help it attract more customers in a crowded market.
What to Watch at GitLab Inc.
Investors will be looking forward to the next earnings date on December 1, 2026, to gain insights into GitLab's operational performance and market strategy. As the company continues to adapt in a competitive sector, further analyst ratings and adjustments may follow, highlighting its ongoing evolution. Remember, this analysis is based on BTIG's report and does not reflect current positions beyond the reporting period.
Related Filing Alerts
Source: BTIG's rating change on $GTLB (Jun 11, 2026). Written by software, not financial advice. How we make alerts