Stifel downgraded Couchbase (BASE) to Hold from Buy with a price target of $24.50, up from $22, after the company announced an agreement to be acquired by Haveli Investments for $1.5B, reflecting $24.50 per share. Through the deal, shareholders would receive a 29% premium to the last full trading day prior to the acquisition announcement, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASE: