GitLab shares have seen a decline despite strong growth, with AI viewed as a headwind. However, the stock is now trading at attractive levels. The company operates a DevSecOps platform and is transitioning to an end-to-end SDLC platform with AI agents. Revenue growth has been consistent at 25-35%, driven by new customer additions and seat expansions. The stock is currently undervalued with a P/S multiple of 5.5x and forward P/E ratio of 24.5. Investors are advised to consider buying GitLab stock now for potential upside.

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