With respect to valuation, GitLab Inc. is currently being traded at a Forward P/E ratio of 283.46. For comparison, its industry has an average Forward P/E of 29.1, which means GitLab Inc. is trading at a premium to the group. GitLab shares fell 0.3% to close at $48.64 on Monday. GTLB stock price forecast in the latest market review points toward a potential breakout above $50 if earnings surprise beats consensus by 5% or more. Institutional buying volume has increased, suggesting confidence in long-term scalability.
