GitLab Down 25.3% YTD: How Should Investors Play the GTLB Stock?
GTLBGitlab (GTLB) ZACKS·2024-08-29 01:50

GitLab (GTLB) shares have plunged 25.3% year to date (YTD), underperforming the Zacks Computer & Technology sector’s growth of 21.7% and the Zacks Internet Software industry’s return of 14.5%. The underperformance in GitLab shares can be attributed to modest top-line growth expectations in fiscal 2025 due to the challenging macroeconomic environment. It also includes a $4 million headwind related to GTLB’s stand-alone selling price analysis. Although the latest products like GitLab Duo and GitLab Duo Pro bo ...