GitLab shares seen rising 63% as AI demand boosts growth and Q2 beats expectations.

GitLab is currently undervalued, trading at 4–5 times its expected revenue for fiscal years 2028–29 despite strong performance and growing AI-driven demand. The company reported a better-than-expected Q2 FY2027, fueled by large deals and rapid growth in paid subscriptions, leading to an improved full-year outlook. Analysts predict a 63% price increase to $73 within 12–18 months as revenue growth accelerates and valuation multiples normalize. Risks include potential disruption from AI to its seat-based model, increased competition from rivals like GitHub, and macroeconomic challenges, but adoption of flexible and AI technologies is expected to offset these pressures.

GitLab trades at USD 46.84 on Pluang as of Sep 26, 2026, 16:01 WIB, down 3.65% in one day. The stock's market cap is $8.10 billion with a 52-week high of $51.04. Typical hold time on Pluang is 61 days, reflecting moderate investor interest amid its tech sector position.