Jan. 14 at 8:47 PM
$GTLB the consensus from I have gathered recently is that all SaaS stocks have sold off from the "AI will eat everything" narrative, without any due diligence on what these companies all do. In short, Gitlab has been thrown out with the bathwater based on an incorrect narrative. To the contrary, Gitlab will *benefit* from AI. That's not the case for all SaaS, but for Gitlab it is (among several others).
Enterprises aren't going to replace Gitlab based on some vibe-coded slop. AI will reduce the barrier to entry for new code, but the TAM for DevSecOps is going up from here, not down. And Gitlab is positioned well to benefit from it. They are just in a "prove it to me first" stage right now after SaaS multiples have all been reduced to a measly ~5x. Which they will prove it indeed.
I think it will take a couple more quarterly ER's before that confidence will show up in the price action, but this can easily pop 25% in March.
