8 hours ago 1

GitLab (GTLB) Gets Vote of Confidence From BofA—Here’s Why Analysts Are Bullish

Ghazal Ahmed

Sun, Jul 13, 2025, 10:01 AM 1 min read

The investment firm came out incrementally positive on GitLab’s long-term market potential following a meeting with CEO Bill Staples and CFO Brian Robins. The firm believes that the company’s “Duo strategy” is accurately positioned to gear up increased adoption of premium paid tiers and add-on AI products such as the Duo Pro, Duo Enterprise, and the Agent Platform.

Responding to concerns about code generation competitors likely leading to shrinking seats and technological disadvantages for GitLab, the firm noted that they are baseless and that code generation is “becoming a feature.” Moreover, GitLab’s end-to-end developer workflow efficiency remains differentiated.

GitLab (GTLB) Gets Vote of Confidence From BofA—Here’s Why Analysts Are Bullish

A group of analysts studying data on a large monitor.

The firm anticipates GitLab to uphold durable revenue growth exceeding 20% with expanding free cash flow margins over the medium term. It considers them to be “attractive investment traits.”

GitLab Inc. (NASDAQ:GTLB) develops software for the software development lifecycle in the US, Europe, and the Asia Pacific.

While we acknowledge the potential of GTLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.