What do you think about the growth of $GTLB+2.7%? They say it's because of AI and a better outlook for the future.
My opinion is that it will fall back to its original levels within a week.
What do you think about the growth of $GTLB+2.7%? They say it's because of AI and a better outlook for the future.
My opinion is that it will fall back to its original levels within a week.
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The market is now in euphoria and anything that beats analysts' estimates by even a whisker is going up...
GitLab and AI in particular could work great and bring a lot of useful things to developers...so I wouldn't dismiss it so much, it makes sense to me here :)
Not only that, but the quarterly results clearly beat estimates, and on a year-on-year comparison we see growth in the tens of percentages in profits.