Barclays analyst Raimo Lenschow raised the firm’s price target on Couchbase (BASE) to $23 from $19 and keeps an Overweight rating on the shares as part of a earnings preview note for the off-cycle software names. The recent rally in software “complicates the set-up for this quarter,” the analyst tells investors in a research note. The firm says that while “things are a little better” for software, is struggles with the notion that it will be enough to move stocks further post their recent run.
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