BofA Maintains Buy Rating on GitLab (GTLB)

GitLab Inc. (NASDAQ:GTLB) is one of the 10 Best Tech Stocks Under $50 To Invest In. On July 18, BofA Securities kept its Buy rating for GitLab Inc. (NASDAQ:GTLB) with a price target of $72.

This decision came after the company announced that its Duo Agent Platform has moved into public beta. This DevSecOps orchestration platform is designed to support collaboration between developers and AI agents.

BofA Securities expects the platform to become generally available either later this year or in early 2026, potentially serving as a strong driver for the company’s future growth.

The firm sees this as an important development as the platform’s production deployment and revenue generation are becoming key investment considerations for GitLab Inc. (NASDAQ:GTLB).

BofA Securities noted that GitLab Inc.’s (NASDAQ:GTLB) current valuation is lower than some of its peers, which represents an “enhanced buying opportunity,” especially as the firm sees the company as a market share gainer in the DevSecOps segment.

GitLab Inc. (NASDAQ:GTLB) is a software company that develops and operates GitLab, a comprehensive DevSecOps platform that can develop, secure, and operate software.

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Disclosure: None. This article is originally published at Insider Monkey.