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GitLab Needs More Than $60

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  • GitLab Inc. remains a rumored buyout target, but a $60 offer undervalues its growth and strategic position.
  • The DevSecOps company benefits from generative AI, driving software development complexity demand and 20%+ revenue growth.
  • The company's strong gross margins, cash flow, and $1.2 billion cash balance reduce pressure to accept a low-premium buyout.
  • GTLB stock investors should view current multi-year lows as a buying opportunity, with upside potential from both independence and a higher buyout offer.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
GitLab Inc. (NASDAQ:GTLB) is constantly rumored as a buyout candidate, yet companies never seem interested in paying a very big premium. The DevSecOps company continues to benefit from generative AI leading to software development momentum and growing demand. My investment thesis is more Bullish on the stock with or without a $60 buyout.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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