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Couchbase price target raised to $22 from $20 at Rosenblatt

Rosenblatt raised the firm’s price target on Couchbase (BASE) to $22 from $20 and keeps a Buy rating on the shares. The company reported solid Q1 results, driven by subscription revenue growth of 12% year-over-year, but the Q2 guidance was mixed compared to consensus, the analyst tells investors in a research note.

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