Baird lowered the firm’s price target on Couchbase (BASE) to $25 from $27 and keeps an Outperform rating on the shares. The firm said they reported an in-line quarter marked by continued Capella traction. Q3 ARR was within the guidance range and while full-year ARR guidance was narrowed, management reiterated its confidence stance in achieving this number.
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Read More on BASE:
- Couchbase price target lowered to $25 from $27 at Morgan Stanley
- Couchbase Reports Growth Amid AI Innovations
- Closing Bell Movers: Salesforce gains 3%, Okta up 14% after earnings
- Couchbase sees FY25 revenue $207.2M-$208M, consensus $207.62M
- Couchbase reports total ARR as of October 31 was $220.3M, up 17% y/y
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
