10 Stocks Jim Cramer and Analysts Are Watching

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1. GitLab Inc. (NASDAQ:GTLB)

Average Upside Potential: 44.13%

Number of Hedge Fund Holders: 52

GitLab Inc. (NASDAQ:GTLB) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 12, Canaccord cut the stock’s price target on the company from $78 to $76 while maintaining a Buy rating.

The firm noted that the company delivered solid Q1 results, with revenue growing 27% and stronger-than-expected profits driven by 12% operating margins, marking a 1,440 basis point improvement from last year. Canaccord sees growing momentum in AI-driven code development as a sign of ongoing investment in DevSecOps platforms and considers GitLab (NASDAQ:GTLB) a leading player in this space.

On June 11, Cramer showed bearish sentiment toward GitLab Inc. (NASDAQ:GTLB) and the broader enterprise software industry, as he said:

“Yeah, I thought that GitLab, frankly, I was prepared for disappointment, and I got it. This kind of collaborative software, enterprise software stock, I don’t want right now… You know, I like an Oracle, which is going up, but that’s data center. I don’t want, I just do not want enterprise software. I think they’re all too expensive.”

GitLab (NASDAQ:GTLB) provides a platform that helps organizations plan, build, secure, and launch software. The company supports every step of the development process and also offers training and support services.

While we acknowledge the potential of GitLab Inc. (NASDAQ:GTLB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GTLB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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