Why Is Couchbase Stock Trading Down Today?
Portfolio Pulse from Ryan Gustafson
Couchbase, Inc. (NASDAQ:BASE) shares are down after the company issued Q2 guidance below estimates, despite beating Q1 expectations. Several analysts raised their price targets on the stock.
June 07, 2023 | 7:11 pm
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NEGATIVE IMPACT
Couchbase shares are down after issuing Q2 guidance below estimates, despite beating Q1 expectations. Analysts raised their price targets.
Couchbase's stock price is down due to the lower Q2 guidance, which indicates that the company may underperform in the next quarter. This negative outlook outweighs the positive Q1 results, leading to a short-term negative impact on the stock price. However, analysts raising their price targets may provide some support in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100