10 Trending AI Stocks on Latest News and Ratings

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2. GitLab Inc. (NASDAQ:GTLB)

Number of Hedge Fund Holders: 43

GitLab Inc. (NASDAQ:GTLB) is a comprehensive AI-powered DevSecOps platform that streamlines software development for organizations. On January 15, Macquarie analyst Steve Koenig reiterated an “Outperform” rating on GitLab Inc. (NASDAQ:GTLB) with a price target of $90. Naming it his top software pick for the year, Koenig’s optimism stems from multiple factors. For starters, there is the perception of a significant valuation discount that makes the company “a valuable and strategic financial asset”. Moreover, the analyst believes that GitLab should also benefit from the continued enthusiasm for AI. Its Duo offering, which includes a suite of AI-powered tools within the GitLab platform, helps developers with various tasks like code writing and security checks. The company has also partnered with Amazon Web Services back in December. Since 2025 is going to be “the year of agentic AI”, GitLab will benefit from having the partnership. Koenig said that the joint offering takes the company a step ahead, with GitLab’s “agentic AI agenda” going beyond code creation to a range of use cases, such as testing, security reviews, and code modernization.

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