GitLab Stock's AI-Powered Reversal Hosted by MarketBeat StaffDecember 11, 2023 ShareLink copied to clipboard. Play video for GitLab Stock's AI-Powered ReversalDetailsGuestsGitLab NASDAQ: GTLB was already a Most Upgraded Stock on the Marketbeat platform going into its Q3 results, which is unlikely to change soon. What is likely to change is the trend in the consensus price target. The consensus price target has been trimmed over the past few months, coming down to about +5% ahead of the earnings release as analysts tempered expectations. Because the earnings release included top and bottom line strength, improved guidance and unexpected profitability several quarters sooner than expected, price targets will likely start getting lifted and lead the market higher. Until then, GTLB shares are up 13% following the release, trading in alignment with the consensus target and on the brink of completing a full reversal. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioGTLBGitLab3.6099 of 5 stars3.61 / 5 stars$47.40-1.0%N/A-17.24 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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Hosted by MarketBeat StaffDecember 11, 2023 ShareLink copied to clipboard. Play video for GitLab Stock's AI-Powered ReversalDetailsGuestsGitLab NASDAQ: GTLB was already a Most Upgraded Stock on the Marketbeat platform going into its Q3 results, which is unlikely to change soon. What is likely to change is the trend in the consensus price target. The consensus price target has been trimmed over the past few months, coming down to about +5% ahead of the earnings release as analysts tempered expectations. Because the earnings release included top and bottom line strength, improved guidance and unexpected profitability several quarters sooner than expected, price targets will likely start getting lifted and lead the market higher. Until then, GTLB shares are up 13% following the release, trading in alignment with the consensus target and on the brink of completing a full reversal. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioGTLBGitLab3.6099 of 5 stars3.61 / 5 stars$47.40-1.0%N/A-17.24 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | Sponsored7 Mighty Medical Stocks That Will Keep Getting StrongerMedical stocks are a broad category that covers pharmaceutical companies, health insurers, medical technology ...MarketBeatThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | Sponsored7 Meme Stocks That Investors Can Get BehindSince 2020, meme stocks have become a new classification of stocks for investors to consider. Meme stocks refe...MarketBeatPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | Sponsored20 Stocks Analysts Won't Stop UpgradingAs you know, a single upgrade from a Wall Street analyst probably won't be a major game-changer for any single...MarketBeat
