Put Contract Overview: The $42.50 put contract has a bid of $7.00, allowing investors to buy shares at a cost basis of $35.50 if sold-to-open, offering a 4% discount compared to the current price of $44.24.
Potential Outcomes for Put Contract: There is a 65% chance that the put contract will expire worthless, potentially yielding a 16.47% return on cash commitment or 24.84% annualized.
Call Contract Overview: The $47.50 call contract has a bid of $7.90; if shares are purchased at $44.24 and sold-to-open, it could yield a total return of 25.23% if called away by April 2026.
Risk Assessment for Call Contract: With a 43% chance of expiring worthless, the call contract could provide a 17.86% additional return or 26.93% annualized if it does not get exercised.
Wall Street analysts forecast GTLB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTLB is 52.61 USD with a low forecast of 40.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
Wall Street analysts forecast GTLB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTLB is 52.61 USD with a low forecast of 40.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
10 Hold
0 Sell
Moderate Buy
Current: 33.150
Low
40.00
Averages
52.61
High
72.00
Current: 33.150
Low
40.00
Averages
52.61
High
72.00
Cantor Fitzgerald
Overweight -> Neutral
downgrade
$60 -> $40
2026-01-07
Reason
Cantor Fitzgerald
Price Target
$60 -> $40
AI Analysis
2026-01-07
downgrade
Overweight -> Neutral
Reason
Cantor Fitzgerald downgraded GitLab to Neutral from Overweight with a price target of $40, down from $60.
Cantor Fitzgerald
Jonathan Ruykhaver
Overweight -> Neutral
downgrade
$60 -> $40
2026-01-07
Reason
Cantor Fitzgerald
Jonathan Ruykhaver
Price Target
$60 -> $40
2026-01-07
downgrade
Overweight -> Neutral
Reason
Cantor Fitzgerald analyst Jonathan Ruykhaver downgraded GitLab (GTLB) to Neutral from Overweight with a price target of $40, down from $60. Competitive pressure is increasing as Microsoft (MSFT) continues to strengthen GitHub's regulatory and AI capabilities, eroding GitLab's historical advantages in enterprise environments, self-hosting, and data residency, the analyst tells investors in a research note. In addition, Cantor says GitLab's go-to-market execution has been uneven, with a weak mix of first-order customers versus expansions, requiring changes to sales incentives that will take time to translate into improved productivity.
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RBC Capital
Outperform
to
NULL
downgrade
$58 -> $48
2026-01-05
Reason
RBC Capital
Price Target
$58 -> $48
2026-01-05
downgrade
Outperform
to
NULL
Reason
RBC Capital lowered the firm's price target on GitLab to $48 from $58 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.
Piper Sandler
Overweight
to
NULL
downgrade
$70 -> $55
2026-01-05
Reason
Piper Sandler
Price Target
$70 -> $55
2026-01-05
downgrade
Overweight
to
NULL
Reason
Piper Sandler lowered the firm's price target on GitLab to $55 from $70 and keeps an Overweight rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.
About GTLB
GitLab Inc. provides DevSecOps Platform, is built on a single codebase, unified data model, and user interface. The Company offers customers flexible deployment options, including a self-managed offering, as well as multi-tenant and single-tenant (GitLab Dedicated) software-as-a-service (SaaS) solutions. It offers the DevSecOps Platform in three different subscription tiers, namely Free, Premium and Ultimate. The DevSecOps Platform enables its customers to move their DevOps workflow across any hybrid or multi-cloud environment. Its subscription plans are available as a self-managed offering that customers download to run in their own on-premises environment or hybrid cloud environments, and also a SaaS offering, which is offered as either multi-tenant or single-tenant (called GitLab Dedicated). The Company also provides related training and professional services. Its SaaS products provide access to hosted software as well as support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
