Trade Alert: Bought Gitlab (GTLB) at $55.25
I had posted on march 5th that it was worth waiting. I’ve started accumulating, don’t see it dropping below $50-$52.
Dev-Sec-Ops is the new standard because security and compliance are equally important utilities and must-haves. Gitlabs is doing a lot of security work within the Dev-Ops platform and has a competitive advantage there.
With AI, and more software development needed this should see at least 26-28% revenue growth.
Adjusted operating Profits and cash generation is still a year out and will curtail the multiples/stock price at higher levels.