We have narrowed our search to five mid-cap technology stocks for the rest of 2024. These stocks are: PAYC, DBX, GTLB, PI, CACI.
Looking back on software development stocks' Q1 earnings, we examine this quarter's best and worst performers, including GitLab (NASDAQ:GTLB) and its peers.
The average of price targets set by Wall Street analysts indicates a potential upside of 34% in Gitlab (GTLB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.