1 Growth Stock Down Over 60% to Buy Right Now

GitLab (NASDAQ: GTLB) quickly gained attention after its 2021 initial public offering (IPO) as one of the only pure-play DevSecOps companies, offering a single cloud-native platform for coding, security, and deployment. The stock then fell sharply during the 2022-2023 technology sell-off, witnessing a drawdown of about 80% from the peak.Recently, GitLab's stock has begun to recover, driven by the rising adoption of its artificial intelligence (AI)-powered DevSecOps platform. Yet shares still trade at about 63% below their all-time high, highlighting a cautious investor sentiment.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool