GitLab, the cloud code repository based software company's stock price has more than halved in value since its all time high shortly after the firm's recent IPO.
As things stand in the short term GitLab is still overvalued based on the fact that the Nasdaq Composite and technology stocks' prices are tanking.
However, in the long-run GitLab's market capitalisation from the current 7.88 billion USD could surpass 70 billion USD on the fact that the Infrastructure as a Service cloud computing market's revenue is growing at around 20 % a year and GitLab has a technology edge in the vertical and thus a unique value proposition.
If you find this article useful, please embed a link to my blog or share it in social networks!
1 comment:
Highly Recommended!
Very insightful, i will also say this here. Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It's hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I'm not here to converse much but to share my testimony; I have made total returns of $20,500 from an investment of just $2000 within 1 week. Thanks to Mr Bernie I'm really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, he can also help you recover your lost funds, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : BERNIEDORANSIGNALS@GMAIL.COM tell him I referred you
as a newbie to cryptocurrency trading, I lost a lot of money trying to navigate the market on my own, then in my search for a genuine and trusted trader/broker, i came across Trader Bernie Doran who guided and helped me retrieve my lost cryptocurrencies
Post a Comment