GitLab's 3Q Results Fail to Quell AI Concerns -- Market Talk

Dow Jones12-04

1225 ET - GitLab will likely continue to face concerns over the potential for AI to weigh on demand for its software developer and operations tools, even though usage of its tools is rising, UBS analysts say in a note. The company's latest results show growth is decelerating at a sharper-than-expected clip as its list of headwinds grow, including weakness with public sector clients and small- to mid-sized businesses, among others, they say. "Coupled with persistent Street concerns about AI-related disruption risk, this print did not clear the bar and we expect sentiment to remain mixed/cautious," the analysts say. They lower their price target on the stock to $51 from $60. Shares fall 14% to $37.28. (kelly.cloonan@wsj.com)

 

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December 03, 2025 12:25 ET (17:25 GMT)

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