We recently published an article titled These 10 Stocks Defied Tuesday's Bloodbath. In this article, we are going to take a look at where GitLab Inc. (NASDAQ:GTLB) stands against the other stocks.

The stock market fell further into negative territory on Tuesday as trade tensions between the US and its largest trading partners continued.

The Dow Jones fell the most, losing 1.55 percent, while the S&P 500 declined 1.22 percent. The Nasdaq dropped by 0.35 percent.

Following the start of President Donald Trump’s blanket 25-percent tax on goods from Canada and Mexico on Tuesday, and a 10-percent tax on Chinese imports, both Canada and China moved to retaliate with higher taxes on US imports. Mexico is also expected to follow suit.

Despite uncertainties, 10 companies managed to stay stronger, posting impressive gains mostly on the back of better earnings performance. In this article, we have detailed the reasons behind their gains.

To come up with Tuesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A team of software engineers working together in an open office, developing innovative solutions.

GitLab Inc. (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) saw its share prices surge by 11.64 percent on Tuesday to finish at $62.80 apiece as investors cheered its impressive earnings performance last year coupled with a rating upgrade from investment firms.

In the fourth quarter of fiscal year 2025, GTLB said it swung to a net income of $10.8 million from a $36.9 million net loss in the same period a year earlier, as revenues increased by 29 percent to $211.4 million from $163.8 million.

GitLab Inc. (NASDAQ:GTLB), however, remained at a net loss during the fiscal year, albeit already a little shy of profitability with a $2.4 million net loss, reversing a $425.7 million net loss the year earlier.

Following its earnings results, TD Cowen maintained a “buy” rating and a price target of $82 on the company’s shares, representing a 30.6-percent upside from its latest stock price.

Piper Sandler echoed the same view, reiterating GitLab Inc. (NASDAQ:GTLB)’s “overweight” rating and $85 price target, representing a 35-percent upside from its Tuesday close.

Overall GTLB ranks 4th on our list of Tuesday's top gainers. While we acknowledge the potential of GTLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GTLB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.