GitLab Stock Surges on Strong Growth and Profits Amid Crowded DevOps Market
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GitLab is emerging as a strong player in the fast-growing DevOps software market and shifting to consistent quarterly profits.
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Revenue growth is solid amid recent price hikes and AI upgrades. Bank of America expects 25%+ revenue growth.
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GTLB stock has found support at its 21-day moving average. It has an entry point at $62.98.
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GitLab competes in a crowded DevOps market against Microsoft, Atlassian, JFrog, and others but is seen as a potential market share gainer.
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GTLB stock owns strong technical ratings, including a 94 Relative Strength Rating and 97 Composite Rating.