Baird raised the firm’s price target on Couchbase (BASE) to $22 from $20 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results which suggest Capella traction s buidling despite macro pressures.
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Read More on BASE:
- Couchbase price target raised to $19 from $18 at Morgan Stanley
- Couchbase price target raised to $22 from $20 at Rosenblatt
- Couchbase price target raised to $20 from $16 at Piper Sandler
- 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