03:15 PM EDT, 09/04/2025 (MT Newswires) -- Gitlab ( GTLB ) delivered "solid" fiscal Q2 results, while fiscal 2026 revenue outlook was conservatively maintained due to small and medium-sized business pressures and go-to-market strategy changes, RBC said in a Thursday research note.

On Wednesday, Gitlab ( GTLB ) reported better-than-expected Q2 results and raised its fiscal 2026 non-GAAP earnings per share guidance to $0.82 to $0.83 from $0.74 to $0.75 and maintained its revenue outlook of $936 million to $942 million.

Noting the company's recent executive changes, RBC said that in the short term "this creates noise in the story", but is part of the company's plan to further its customer acquisition and seek better opportunities.

RBC further said that the company's business trends remain durable and the de-risked H2 estimates build a good setup.

The firm maintained its outperform rating on Gitlab ( GTLB ) with a $58 price target.

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