Why Is GTLB Stock Up 7% After Hours Today?

• The collaboration integrates Vertex AI models directly into GitLab’s Duo Agent Platform.
• Under the partnership, customers will be able to choose from multiple foundation models on Vertex AI, including Google’s Gemini models.

Shares of GitLab Inc. (GTLB) jumped 7% in after-hours trading Tuesday following the company’s announcement of a deepened collaboration with Google Cloud that integrates Vertex AI models directly into GitLab’s Duo Agent Platform.

GitLab closed the regular session at $20.08. In extended trading, the stock climbed as high as $21.62, before tempering some gains.

Under the partnership, customers will be able to choose from multiple foundation models on Vertex AI, including Google’s Gemini models, based on performance, cost or regulatory needs. GitLab added that customers running self-hosted environments can also connect their own approved models through its “Bring Your Own Model” option.

“AI agents are only as good as the context they operate on and the governance around them,” said Manav Khurana, GitLab’s chief product and marketing officer. ““This integration connects GitLab’s rich development data with Google Cloud’s strongest AI models.”

Ritika Suri, managing director for AI and data partnerships at Google Cloud, said the partnership is intended to help customers adopt AI capabilities for software development within familiar compliance frameworks.

How Did Retail Traders React?

On Stocktwits, retail sentiment around GTLB rose from ‘neutral’ to ‘bullish’ territory over the past 24 hours, while message volume remained at ‘extremely high’ levels.

A Stocktwits user said they expect more of a pop in GTLB stock.

Another user voiced optimism for Gitlab getting acquired by Alphabet or Microsoft.

According to data from Koyfin, 12 of the 27 analysts covering GTLB stock rate it ‘Buy’ or higher and 13 rate it ‘Hold’ and two rate it ‘Strong Sell.’ The average price target on the stock is $33.54, representing a potential upside of about 67% from last close.

GTLB stock has dropped nearly 53% over the past 12 months. 

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