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GitLab Inc.GitLab Inc.GitLab Inc.

GitLab Inc.

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GTLB trade ideas

Gitlab ~ An Early InvestmentFundamentals : The Google-Gitlab partnership improved the fundamentals of this company. Earnings and sales are growing. It is not what I classify as a super stock yet. Cashflow is still negative, as it is still early. It IPOed two years ago. A growing amount of funds are accumulating this stock. However, sales are not accelerating yet and there are some data lacking. Technicals : Price is currently at the bottom of a weekly consolidation pattern, hitting the weekly kijun. H&S pattern forming with good volume. Weekly kijun rejection+50% fib support Trade Plan: H&S pattern - entered in the cloud at the kijun rejection. Price is, also, in the weekly cloud, signifying consolidation. Waiting for the cloud breakout above to add 0.05% risk. Price Target: 68 and 140
NASDAQ:GTLBLong
by Rocketman
GTLB-BULLISH SCENARIOGitLab is a leading DevSecOps platform that offers companies a comprehensive system for secure software development and deployment. With its emphasis on security testing throughout the development process, GitLab has gained significant traction in the market, outpacing point solutions that address singular issues. Following its first-quarter earnings report, GitLab experienced a surge in stock value due to beating estimates and raising its guidance. The company reported a remarkable 45% increase in revenue, reaching $126.9 million, surpassing the consensus estimate of $117.8 million. This positive performance suggests that the worst of the tech slowdown may be in the rearview mirror. While GitLab continues to generate losses based on GAAP accounting principles, its non-GAAP margin improved by 17 percentage points to a negative 12%. The adjusted loss per share narrowed from $0.18 to $0.06, surpassing the estimated loss of $0.14. GitLab is also capitalizing on the power of artificial intelligence (AI) like many other tech companies. In the first quarter alone, it introduced five new AI features, followed by an additional five in May. CEO Sid Sikbrandij believes that AI will revolutionize software development practices. With an addressable market estimated to be worth around $40 billion, GitLab is well-positioned for strong revenue growth. The company has streamlined its cost base following layoffs earlier in the year, potentially enabling it to report an adjusted profit in the coming year. The next price target is $55-$60. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:GTLBLong
by legacyFXofficial
Trade GTLB to $39+Gitlab is scheduled to report F1Q24 on Monday, June 5th after the market close. Based on Google searches, there is a healthy debate regarding AI’s impact to the future of code development, the broader DevSecOps opportunity, and how GitLab is positioned to disrupt it. The company is making steady progress introducing new AI features in the platform along with other product enhancements. The earning conference call is an opportunity for the company to enhance its visibility into the product roadmap and monetization opportunities. Therefore, there is an attractive opportunity for traders who love volatility.
NASDAQ:GTLBLong
by KhanhC.Hoang
2
GTLB and me. I am happy with this stocks response from the 52I am confident in this stocks long term investment potential. I will be moving in the direction of Cash Secured Puts to keep things as conservative as I can in this market. I will start with June 40P for a bid of 4.20 Or Better. that is an initial credit of 420.00 per 100 shares. Assignment cost would be 40-4.20=35.80 this keeps me in my desired price range as I do not want to pay more than 38.00 per share. I will be looking for a 9 month hold and will keep flipping the option should we see a hold on the Pivot support levels. My initial target is $65.00 within 9-15 months.
NASDAQ:GTLBLong
by ThetaBandits