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Dec 3, 2025 12:10 PM

Gitlab Stock Price Drops Despite Q3 Beat, Decelerating Growth Alarms Analysts

Shares of Gitlab Inc (NASDAQ:GTLB) tanked in early trading on Wednesday, after the company reported third-quarter results.

Here are some key analyst takeaways:

Rosenblatt Securities analyst Blair Abernethy reiterated a Buy rating, while reducing the price target from $58 to $55.

Canaccord Genuity analyst Kingsley Crane reiterated a Buy rating and price target of $70.

Check out other analyst stock ratings.

Rosenblatt Securities: Gitlab's revenues grew 25% year-on-year to $244.4 million, driven by subscription revenue growth of 27%, Abernethy said. "In Q3, Gitlab saw headwinds in federal government and continued SMB ...