GitLab Inc. ($GTLB) reported strong financial results for the third quarter of fiscal year 2025, surpassing analysts' expectations with revenue of $196 million, compared to estimates of $188 million. The company's earnings before interest and taxes (EBIT) reached $26 million, exceeding the forecast of $20 million, while earnings per share (EPS) were $0.23, above the anticipated $0.16. GitLab also provided guidance for the fiscal year, projecting revenue of $754 million, EBIT of $70 million, and EPS of $0.64, all of which surpassed analyst estimates. Following these results, several financial institutions raised their price targets for GitLab, with Bank of America increasing its target to $90, implying a potential upside of 36%. Truist Securities and UBS also adjusted their price targets to $90 and $85, respectively, maintaining their buy ratings. GitLab's stock experienced a notable increase of 7.2% in post-market trading, reaching $70.85, and was up 13% in pre-market trading.