GitLab Inc. (NASDAQ:GTLB) is one of the 16 stocks Jim Cramer recently discussed. Answering a caller’s query about it during the lightning round, Cramer commented:
“Yeah, I thought that GitLab, frankly, I was prepared for disappointment, and I got it. This kind of collaborative software, enterprise software stock, I don’t want right now… You know, I like an Oracle, which is going up, but that’s data center. I don’t want, I just do not want enterprise software. I think they’re all too expensive.”
A team of software engineers working together in an open office, developing innovative solutions.
GitLab Inc. (NASDAQ:GTLB) offers a single platform designed to manage the entire software development process, enabling teams to plan, create, secure, and release applications across various cloud setups. The company also provides professional services and training. Artisan Partners stated the following regarding GitLab Inc. (NASDAQ:GTLB) in its Q4 2024 investor letter:
“Along with Monolithic Power Systems, notable adds in the quarter included Onto Innovation and GitLab Inc. (NASDAQ:GTLB). Gitlab offers a one-stop shop for software development projects. The company provides developers with tools to manage code, collaborate with teammates and track the entire development workflow. It has a strong brand with more than 30million registered users across its free and paid subscription tiers. Customers adopt Gitlab to deploy code faster, more consistently and more securely. We believe the company is early in its lifecycle given the large addressable market of global software developers and a general trend toward companies looking to digitize aspects of their business and deploy code quickly. Recent earnings results were thesis affirming, and we added to the position.”
While we acknowledge the potential of GTLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
Source link
