2 Stock Picks for Year-End: 1 to Keep, 1 to Cut
From Nasdaq: 2024-12-05 08:30:00
Dollar General (NYSE: DG) and GitLab (NASDAQ: GTLB) are both trading near long-term lows. Dollar General faces challenges with growth, organization, and staffing issues. On the other hand, GitLab is well-positioned for the second wave of AI and has shown strong growth in 2024. Investors may want to consider these factors before making any decisions.
Dollar General is struggling to keep up with industry leaders like Walmart and TJX Companies in 2024. While interest rate cuts may improve business conditions, Dollar General still faces challenges with staffing and inventory management. Analysts have a consensus Hold rating on the stock with a price target showing potential upside, but it is trending lower.
GitLab is positioned well for the second wave of AI and has reported strong growth in 2024. The company has seen growth in client count, large clients, and service penetration. Analysts are bullish on GitLab’s market, with increasing coverage, improving sentiment, and a rising stock price target. The stock is expected to continue rising, with a potential three-year high.
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