NASDAQ:GTLB - Nasdaq - US37637K1088 - Common Stock - Currency: USD
The top 10 best performing large-cap stocks in the last week were Atlassian, Royal Caribbean, IBM, GitLab, Check Point, RBC Bearings, Alibaba, Duolingo, Franklin Resources, and Cloudflare.
Over the past six months, GitLab has been a great trade, beating the S&P 500 by 9%. Its stock price has climbed to $62.60, representing a healthy 18.4% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
GitLab's strong AI focus, impressive growth, and strategic partnerships position it as a compelling investment opportunity for the year ahead.
In a welcome move, GitLab stock saw its Relative Strength Rating rise o 79 on Wednesday, up from 69 a day earlier.
Macquarie said GitLab is the farthest ahead in capitalizing on agentic AI with its “Duo,” which is meant to accelerate code delivery.
Let’s dig into the relative performance of GitLab (NASDAQ:GTLB) and its peers as we unravel the now-completed Q3 software development earnings season.
Let’s dig into the relative performance of GitLab (NASDAQ:GTLB) and its peers as we unravel the now-completed Q3 software development earnings season.
With Ark Invest ending 2024 on a strong note, the aggressive growth icon is hoping to build on that momentum in 2025.
GitLab reported 156% earnings growth in the latest quarterly report. The prior three stanzas it reported EPS gains of 600%, 150%, 999%-plus.
MongoDB's developer-centric tools make it a leading provider of database services for developers. Demand for its Atlas platform is high.
This is what could happen next to GitLab shares.