DA Davidson downgraded Couchbase (BASE) to Neutral from Buy with a price target of $24.50, down from $25, after the company announced an agreement to be acquired by Haveli Investments for $24.50 per share. The firm does not believe a higher offer will come in during the go shop period and views the deal as highly likely to be completed as currently constructed, the analyst tells investors.
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Read More on BASE:
- Couchbase downgraded to Market Perform from Outperform at William Blair
- Couchbase downgraded to Neutral from Buy at Rosenblatt
- M&A News: AI Group Couchbase Agrees to $1.5B Takeover By PE Firm Haveli Investments
- Couchbase jumps 28% after agreeing to be acquired for $24.50 per share
- Couchbase to be acquired by Haveli Investments for $1.5B in cash