Fintel reports that on October 1, 2025, Wells Fargo initiated coverage of GitLab (NasdaqGS:GTLB) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 34.87% Upside
As of September 30, 2025, the average one-year price target for GitLab is $59.49/share. The forecasts range from a low of $44.44 to a high of $75.60. The average price target represents an increase of 34.87% from its latest reported closing price of $44.11 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for GitLab is 1,048MM, an increase of 22.15%. The projected annual non-GAAP EPS is -0.40.
What is the Fund Sentiment?
There are 800 funds or institutions reporting positions in GitLab. This is an decrease of 11 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to GTLB is 0.30%, an increase of 2.36%. Total shares owned by institutions increased in the last three months by 7.23% to 161,842K shares. 
The put/call ratio of GTLB is 0.29, indicating a bullish outlook.
What are Other Shareholders Doing?
Eminence Capital holds 6,219K shares representing 4.20% ownership of the company. In its prior filing, the firm reported owning 2,498K shares , representing an increase of 59.83%. The firm increased its portfolio allocation in GTLB by 72.10% over the last quarter.
HMI Capital Management holds 5,859K shares representing 3.96% ownership of the company. In its prior filing, the firm reported owning 4,428K shares , representing an increase of 24.41%. The firm increased its portfolio allocation in GTLB by 32.40% over the last quarter.
Champlain Investment Partners holds 4,512K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 1,284K shares , representing an increase of 71.53%. The firm increased its portfolio allocation in GTLB by 224.93% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,234K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 4,013K shares , representing an increase of 5.21%. The firm decreased its portfolio allocation in GTLB by 9.66% over the last quarter.
ICONIQ Capital holds 3,978K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 4,108K shares , representing a decrease of 3.25%. The firm decreased its portfolio allocation in GTLB by 58.97% over the last quarter.
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