GitLab’s Upcoming Q4 Earnings Preview 
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/GTLB'>GitLab Inc. (NASDAQ:GTLB)</a> ahead of the upcoming Q4/23 earnings announcement next week.</p>
<p>Given challenging macros, the analysts expect limited upside to the results. Q4 job postings were down 19% quarter-over-quarter while thus far in Q1, postings are down 79% quarter-over-quarter.</p>
<p>The analysts said the focus of earnings includes headwinds to the business, an RIF, a Premium-tier price increase, thoughts on Al/GitHub Copilot, and fiscal 2024 guidance. </p>
<p>While the analysts previously reduced their revenue estimates following the RIF, they are now increasing them slightly as they think the price increase likely points to an approximately 40% revenue growth in 2024. </p>
<p>Overall, the analysts remain bullish on the company's long-term opportunity to consolidate DevSecOps spending. RBC Capital reiterated its Outperform rating but raised its price target to $60 from $50 on higher estimates.</p>

NASDAQ:GTLB