Gitlab stock forecast benefits from recent upgrades in

GitLab stock forecast benefits from recent upgrades in machine learning integration. Enhanced product capabilities may support pricing power and revenue acceleration. GitLab's revenue increased 26.8% year over year in the quarter, with growth driven by increased spending from existing customers and the addition of new clients. The company's net revenue retention rate came in at 122%, and the company ended fiscal Q1 with 1,288 customers generating more than $100,000 in annual recurring revenue -- up 26% year over year. Shares of the DevOps pioneer GitLab Inc. were battered and bruised in late trading today after it increased its full-year profit outlook but narrowly missed expectations on sales guidance. GitLab stock forecast includes potential catalysts such as new enterprise contracts and expanding global footprint. Traders watch for breakout above $55 resistance.