BUZZ-GitLab slumps; brokerages cut PT following quarterly results

Reuters

Jun 11, 2025

Updates

** Software development platform GitLab GTLB.O falls 7.3% to $44.97 after beating Q1 revenue estimates

** J.P.Morgan says revenue beat was lowest in co's history; cuts PT to $52 from $58

** Co Q1 revenue $214.5 mln vs $213.2 mln estimates - data compiled by LSEG

** At least 14 brokerages cut PT

** GTLB faces challenges with talent, and competition from rivals like Agentic AI - JPM

** RBC cuts PT to $62 from $68

** Management did not call out macros, but it'll remain a question for investors with peers mentioning increased macro pressures - RBC

** 26 of 29 analysts rate stock "buy" or higher, three "hold"; median PT is $67 - data compiled by LSEG

** YTD, GTLB down 13.9%

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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brokerages cut PT following quarterly results</title></head><body><p>Updates</p><p>** Software development platform GitLab <span>GTLB.O</span> falls 7<span>.3</span>% to $<span>44.97 </span>after beating Q1 revenue estimates</p><p>** J.P.Morgan says revenue beat was lowest in co's history; cuts PT to $52 from $58</p><p>** Co Q1 revenue $214.5 mln vs $213.2 mln estimates - data compiled by LSEG</p><p>** At least 1<span>4</span> brokerages cut PT</p><p>** GTLB faces challenges with talent, and competition from rivals like Agentic AI - JPM</p><p>** RBC cuts PT to $62 from $68 </p><p>** Management did not call out macros, but it'll remain a question for investors with peers mentioning increased macro pressures - RBC   </p><p>** 26 of 29 analysts rate stock \"buy\" or higher, three \"hold\"; median PT is $67 - data compiled by LSEG</p><p>** YTD, GTLB down 13.9%</p><p>(Reporting by Twesha Dikshit)</p><p>((Twesha.Dikshit@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nL4N3SE12Q:1","article_id":"2542343535","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542343535","pubTimestamp":1749654888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-GitLab slumps; 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brokerages cut PT following quarterly resultsUpdates** Software development platform GitLab GTLB.O falls 7.3% to $44.97 after beating Q1 revenue estimates** J.P.Morgan says revenue beat was lowest in co's history; cuts PT to $52 from $58** Co Q1 revenue $214.5 mln vs $213.2 mln estimates - data compiled by LSEG** At least 14 brokerages cut PT** GTLB faces challenges with talent, and competition from rivals like Agentic AI - JPM** RBC cuts PT to $62 from $68 ** Management did not call out macros, but it'll remain a question for investors with peers mentioning increased macro pressures - RBC   ** 26 of 29 analysts rate stock \"buy\" or higher, three \"hold\"; median PT is $67 - data compiled by LSEG** YTD, GTLB down 13.9%(Reporting by Twesha Dikshit)((Twesha.Dikshit@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}