GitLab Stock's AI-Powered Reversal Hosted by Laycee KluinDecember 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 RatioGTLBGitLab3.5804 of 5 stars$47.16+3.3%N/A-147.38 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 MarketBeatDonald Trump is about to free crypto from its chains …Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election...Weiss Ratings | Sponsored7 Dividend Stocks That Show Why Cash Is King Dividends are a portion of a company's profits that it pays back to shareholders. That leads ...MarketBeatSilicon Valley Gold RushA new technology has sparked a modern-day gold rush in Silicon Valley. OpenAI’s Sam Altman invested $375M. 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Hosted by Laycee KluinDecember 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 RatioGTLBGitLab3.5804 of 5 stars$47.16+3.3%N/A-147.38 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 MarketBeatDonald Trump is about to free crypto from its chains …Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election...Weiss Ratings | Sponsored7 Dividend Stocks That Show Why Cash Is King Dividends are a portion of a company's profits that it pays back to shareholders. That leads ...MarketBeatSilicon Valley Gold RushA new technology has sparked a modern-day gold rush in Silicon Valley. OpenAI’s Sam Altman invested $375M. Bil...Stansberry Research | Sponsored15 Healthcare Stocks that Analysts Love in a Post-Pandemic WorldThere are more than 200 healthcare companies traded on public markets. Given the sheer number of pharmaceutica...MarketBeatURGENT: Someone's Moving Gold Out of London...People who don’t understand the gold market are about to lose a lot of money. Unfortunately, most so-called “g...Golden Portfolio | Sponsored7 Stocks Changing the World—and Making Investors Wealthy Technology is evolving faster than ever. Disruptive technology that was seen as groundbreaking just a decade...MarketBeat
