10 Trending AI Stocks on Latest News and Ratings

4. GitLab Inc. (NASDAQ:GTLB)

Number of Hedge Fund Holders: 51

GitLab Inc. (NASDAQ:GTLB) is a technology company that offers a web-based platform that helps teams manage source code, plan projects, and collaborate on software development. It also provides security, monitoring, and issue tracking. It also utilizes AI through its “GitLab Duo” feature to integrate artificial intelligence across the entire software development lifecycle. Analysts at BTIG reiterated a Buy rating on the stock and an $86 price target on March 4.

The bullish stance comes on GitLab Inc. (NASDAQ:GTLB) delivering robust fiscal fourth-quarter results that outperformed expectations. Revenue was up 29.1% year over year in Q4 2024 to $211.4 million. It also offered a robust 2026 guidance that aligned with expectations. BTIG analysts noted positive trends in big deal activity and emphasized the ongoing strength of GitLab’s premium Ultimate tier. Additionally, new products like GitLab Dedicated and Duo Enterprise are becoming more popular in the market. In the future, BTIG sees several growth drivers for GitLab, such as new product initiatives and more general secular trends in the DevSecOps industry.

“This quarter’s results demonstrate the power of GitLab’s innovative DevSecOps platform,” said Bill Staples, GitLab’s chief executive officer. “AI is fundamentally changing the software development landscape. With the GitLab platform and GitLab Duo, customers can leverage AI that fully takes advantage of the GitLab platform which ensures their software quality, security, privacy, compliance, and governance requirements are met to deliver secure software faster.”