Gitlab is trading 5.2% up now at $43.47 as software stocks rally broadly after strong Salesforce and Nvidia results.
- Investors are rotating back into software amid renewed confidence that artificial intelligence can support, rather than disrupt, traditional software businesses.
- TD Cowen also raised its Gitlab price target to $42 from $29 on August 27, 2026, but maintained a Hold rating, making it a secondary factor.
- Gitlab’s next quarterly report is scheduled for September 1, 2026.