Gitlab stock price reached a near 3-month high at $57

GitLab stock price reached a near 3-month high at $57.40, driven by upbeat guidance. The valuation multiple now trades at ~14x forward sales, which remains competitive compared to peers in the DevOps and CI/CD software sector. The company started as a development, security, and operations (DevSecOps) platform but has grown into a full software development lifecycle solution, helping developers write, test, secure, and deploy code more efficiently. Meanwhile, the company has a big opportunity with its Duo AI agent, which automates repetitive tasks, freeing up developers to spend more time coding. This is crucial since developers typically spend only about 20% of their time writing code, so a product like this should be a nice growth driver. Despite falling over the last year, GitLab still has a good net retention rate, proving that customers are satisfied with its software and getting more value from it over time, which is always great to see. GitLab stock price advanced amid sector-wide gains in software equities. Analysts link this to optimistic PMI data and renewed confidence in IT spending cycles.