Piper Sandler raised the firm’s price target on Couchbase (BASE) to $20 from $16 and keeps an Overweight rating on the shares. The firm notes Q1 results were solid with ARR growing 21% year-over-year to $252M, which equates to a record $14M of net new ARR quarter-over-quarter, with the $7.7M beat to the midpoint of guidance driven by strategic account momentum, strong Capella adoption, solid execution, and FX tailwinds.
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Read More on BASE:
- Couchbase: Strong ARR Growth Amid Revenue Recognition Challenges Justifies Hold Rating
- Couchbase’s Strong ARR Growth and Strategic Investments Drive Buy Rating Despite Customer Churn Concerns
- Couchbase Reports Strong Q1 Fiscal 2026 Results
- Closing Bell Movers: Guidewire up 11% after Q3 beat, guidance raise
- Couchbase sees FY26 revenue $228.3M-$232.3M, consensus $230M
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