Morgan Stanley analyst Sanjit Singh lowered the firm’s price target on Couchbase (BASE) to $23 from $25 and keeps an Equal Weight rating on the shares. Q4 was the strongest quarter of FY25 and FY26 ARR guidance was also “better than feared,” the analyst tells investors. The firm is “encouraged by the execution,” but awaits better growth on the back of an inflection in Capella adoption, the analyst added.
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Read More on BASE:
- Couchbase price target lowered to $18 from $19 at UBS
- Couchbase price target raised to $22 from $21 at Piper Sandler
- Couchbase price target lowered to $26 from $30 at Guggenheim
- Couchbase’s Record-Breaking ARR and Capella’s Growth Drive Buy Rating
- Couchbase’s Mixed Signals: Strong Quarter Yet Cautious Outlook