Syeda Seirut Javed
1 min read
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GitLab Inc. (NASDAQ:GTLB) is one of the 10 tech stocks on Wall Street's radar right now. On June 6, Scotiabank cut its price target on GitLab Inc. (NASDAQ:GTLB) to $67 from $80 ahead of its earnings (Q1 FY2026), but maintained an Outperform rating on the stock.
The firm described its recent internal reviews as steady, and noted some traction with GitLab Duo but also some signs of weakness in the broader market. Scotiabank does not expect Q1 to provide a major catalyst, yet sees the stock as fairly priced. It is also important to note that AWS has expanded its partnerships with GitLab and has integrated GitLab Duo into its offerings.
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GitLab Inc. (NASDAQ:GTLB) is expected to post its Q1 2026 results on June 10. After posting its FQ4 2026 earnings in March, the company provided revenue guidance of $212 - $ 213 million and non-GAAP operating income to be around $21 - $22 million. For the full year, the company expects to report a revenue between $936 and $942 million.
GitLab Inc. (NASDAQ:GTLB) provides a unified platform that supports the full software development lifecycle, helping teams plan, build, secure, and deploy applications across multiple cloud environments. Additionally, the company offers training and professional services.
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Disclosure: None.
