GitLab Inc. (NASDAQ: GTLB) has had a difficult year. The stock trades near $44/share, pressured by market volatility and ongoing concerns around profitability. Even so, GitLab continues to deliver strong top line growth, and analysts still see meaningful upside as the company moves closer to sustained operating leverage.
Recently, GitLab reported results that highlighted steady demand from enterprise customers and expanded adoption of its AI powered GitLab Duo platform. Management also introduced new workflow automation and developer productivity features designed to deepen customer usage and improve efficiency. These updates show that GitLab is executing well despite a challenging spending environment.
This article explores where Wall Street analysts think GitLab could trade by 2028. We combined consensus targets and TIKR’s Guided Valuation Model to outline the stock’s potential path. These figures reflect current analyst expectations and are not TIKR’s own predictions.
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Analyst Price Targets Suggest Meaningful Upside
GitLab trades at about $44/share today. The average analyst price target is $58/share, which points to more than 30% upside. Forecasts show a broad range and reflect mixed sentiment:
- High estimate: ~$72/share
- Low estimate: ~$44/share
- Median target: ~$57/share
- Ratings: 17 Buys, 5 Outperforms, 7 Holds
It looks like analysts see room for gains, but the variation in targets shows that conviction is not uniform.
For investors, the stock’s trajectory will depend on how quickly GitLab can improve profitability while sustaining its growth momentum.
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GitLab: Growth Outlook and Valuation
GitLab’s fundamentals appear strong, supported by solid growth and improving efficiency:
- Revenue is projected to grow 21.7% annually through 2028
- Operating margins are expected to improve toward 15.8%
- Shares trade at a forward valuation of about 50.3x earnings
- Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 50x forward P E suggests ~$72/share by 2028
- That implies roughly 63% total return, or about 25% annualized
These numbers point to a business with a clear runway for long term compounding as GitLab scales. The model assumes meaningful operating leverage as revenue grows, which is essential for unlocking its full margin potential.
For investors, GitLab offers an attractive setup. The growth engine is intact, and the path to stronger profitability gives the stock room to re-rate higher if execution remains consistent.
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What’s Driving the Optimism?
GitLab is benefiting from the ongoing shift toward integrated DevSecOps platforms and tool consolidation. Its strong gross margins support long term operating leverage, and its expanding AI capabilities help drive deeper customer engagement across development teams.
The platform also continues to attract larger customers and expand multi product usage.
For investors, these advantages suggest GitLab is positioned to scale effectively and strengthen profitability as adoption widens.
Bear Case: Profitability and Competition
Despite strong demand, GitLab remains in the process of achieving consistent profitability. The market has become more selective toward high growth companies that are not yet generating steady earnings, which adds pressure to execute.
Competition remains intense as GitHub and Atlassian continue to innovate and expand their ecosystems.
For investors, the risk is that GitLab takes longer than expected to reach sustainable profitability, which could limit valuation upside if efficiency gains stall or competitive pressure intensifies.
Outlook for 2028: What Could GitLab Be Worth?
Based on analysts’ average estimates, TIKR’s Guided Valuation Model suggests GitLab could trade near $72/share by 2028. That represents about 63% upside from today, or roughly 25% annualized returns.
This would be a strong outcome, but it assumes continued growth and meaningful improvements in operating margins.
For investors, the opportunity is attractive, but success depends on GitLab executing its plan to scale efficiently and convert revenue growth into consistent profit expansion.
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