So I really like GitLab as a company and work with them pretty frequently. If I had to bet, I would say that they are going to continue crushing the market. However, I think the stock is wayyyy overvalued. They've got a market cap of roughly $14 billion and they'll probably do $210M - $220M in sales this year. If we say that sales = revenue (it isn't), their P/E ratio is 63. That's actually higher than one of their competitors Atlassian, who sits around 50. Atlassian's Git product BitBucket is nowhere near as good at GitLab, but Jira is literally everywhere. GitLab's closest competitor is GitHub, owned by Microsoft. Microsoft's PE ratio is in the high 30s but not a great comparison. At least 63 isn't anywhere near as bad as TSLA which sits at > 400. GitLab is losing a ton of money (last year they lost about $200M). Luckily they raised about $800M from the IPO which gives them a few years of runway. My expectation is they will scale engineering and sales to keep up with GitHub. GitHub is extremely strong competition, but not for reasons people typically mention. GitHub is the defacto git repo for almost all open source software. However, they initially neglected the enterprise customers so GitLab has taken a lot of those accounts. In addition, GitLab's CI capabilities are a solid 1.5-2 years ahead of GitHub's. However... GitHub, owned by Microsoft, has more money than you can imagine. Microsoft's strategy is to give their customers that pay for TFS/Visual Studio free GitHub licenses. In addition, Microsoft will give customers hundreds of thousands of dollars in free consulting to help migrate over. GitHub also has a $5/user/month tier. GitLab did away with that tier a year ago because it is unprofitable. Microsoft has so much money, they are currently using those very cheap licenses for more user acquisition. Plus, pretty much every company is a Microsoft customer already so the sales reps have tons of inroads. In addition, Microsoft owns LinkedIn. That means Microsoft knows who works at what company, how to reach them, the skills of the company's employees, and what platforms they use (e.g., if a company has 30 enterprise software engineers for SAP, well, MSFT knows they do a lot of SAP work). That information is extremely valuable to sellers. Answer from mrlazyboy on reddit.com