Analyst Ratings for Couchbase
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 5 analysts have provided their ratings on Couchbase (NASDAQ:BASE), with 1 bullish, 3 somewhat bullish, and 1 indifferent. The average 12-month price target for Couchbase is $23.8, with a high of $26.00 and a low of $21.00. This target has increased by 8.18% from the previous target of $22.00. Analysts typically review stocks quarterly or after major company updates, and their ratings are based on financial predictions and company risk assessments.
December 11, 2023 | 3:00 pm
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POSITIVE IMPACT
Couchbase has received mostly positive ratings from analysts, with an updated average 12-month price target of $23.8, reflecting an 8.18% increase from the previous target.
The positive analyst ratings and the increase in the average price target suggest optimism about Couchbase's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price. The ratings are recent and directly related to the company's stock, hence the high relevance and importance. The confidence level is high due to the clear consensus among analysts and the significant increase in the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100