Fintel reports that on September 2, 2026, William Blair upgraded their outlook for GitLab (NASDAQGS:GTLB) from Underperform to Market Perform.
Analyst Price Forecast Suggests 21.79% Downside
As of August 28, 2026, the average one-year price target for GitLab is $38.79/share. The forecasts range from a low of $25.25 to a high of $63.00. The average price target represents a decrease of 21.79% from its latest reported closing price of $49.59/share.
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The projected annual revenue for GitLab is 1,201MM, an increase of 13.82%. The projected annual non-GAAP EPS is -0.49.
What is the Fund Sentiment?
There are 618 funds or institutions reporting positions in GitLab. This is an increase of 229 owner(s) or 58.87% in the last quarter. Average portfolio weight of all funds dedicated to GTLB is 0.17%, an increase of%. Total shares owned by institutions increased in the last three months by 16.32% to 181,393K shares. The put/call ratio is 0.49, indicating a bullish outlook.
What are Other Shareholders Doing?
Aqr Capital Management holds 10,338K shares representing 6.25% ownership of the company. In its prior filing, the firm reported owning 8,669K shares, representing an increase of 16.15%. The firm increased its portfolio allocation in GTLB by 28.76% over the last quarter.
Vanguard Portfolio Management holds 8,911K shares representing 5.38% ownership of the company. In its prior filing, the firm reported owning 8,680K shares, representing an increase of 2.59%. The firm increased its portfolio allocation in GTLB by 23.15% over the last quarter.
Primecap Management holds 7,683K shares representing 4.64% ownership of the company. In its prior filing, the firm reported owning 7,299K shares, representing an increase of 5.00%. The firm increased its portfolio allocation in GTLB by 11.54% over the last quarter.
Vanguard Capital Management holds 6,461K shares representing 3.90% ownership of the company. In its prior filing, the firm reported owning 6,085K shares, representing an increase of 5.82%. The firm increased its portfolio allocation in GTLB by 27.90% over the last quarter.
VHCOX – Vanguard Capital Opportunity Fund Investor Shares holds 5,168K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 908K shares, representing an increase of 82.43%. The firm increased its portfolio allocation in GTLB by 242.98% over the last quarter.
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This story originally appeared on Fintel.
