Gitlab stock forecast factors in stronger-than-expected

GitLab stock forecast factors in stronger-than-expected developer platform adoption in Asia-Pacific markets, potentially adding meaningful revenue streams. Shares of GitLab (NASDAQ: GTLB) sank after the company issued conservative guidance. The stock is now down more than 20% on the year. The strong start to the year seems to have given GitLab some impetus, and the company said it’s raising its full-year earnings forecast to a range of 74 to 75 cents per share, up from an earlier outlook of 68 to 72 cents. Wall Street is looking for full-year earnings of 72 cents per share. GitLab stock forecast shows technical indicators turning favorable; RSI is approaching 65, indicating potential continuation of upward momentum toward $57–$59 levels in the near term.