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.
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