GitLab (GTLB) demand environment looks "uneven" although circumstances have remained "generally stable" in recent times, RBC said in a note Monday.
The company's prime focus for fiscal 2026 is around client acquisition, majorly in mid-market and enterprise to which management highlighted an agreement with Anthropic and a displacement at a cybersecurity firm, analysts led by Matthew Hedberg wrote.
"The next objective is around unlocking value faster through products and hyperscaler partnerships to increase usage over time," the analysts said.
GitLab's last focus is speeding up innovation as it intends to invest in the core platform, differentiated security and compliance capabilities and artificial intelligence innovation, the note said.
RBC maintained its outperform rating and $80 price target on GitLab's stock.
Price: 56.68, Change: +0.42, Percent Change: +0.76
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.