GitLab: Don't Chase A Buyout Rumor
GTLBGitlab (GTLB) Seeking Alpha·2024-07-18 03:38
Thomas Barwick Normally, a stock trading near 52-week lows isn't the ideal time to explore a deal. GitLab Inc. (NASDAQ:GTLB) has seen a tepid rally following reports the company is seeking a potential sale after attracting acquisition interest. My investment thesis is more Neutral on the stock trading up at $54 following the bump for the merger rumors.   Source: Finviz Ripe Acquisition Target GitLab is definitely ripe for an acquisition due to the stock languishing since a hot IPO at the end of 2021. In ...