These Analysts Cut Their Forecasts On Couchbase After Q1 Results
Portfolio Pulse from Avi Kapoor
Couchbase, Inc. (NASDAQ:BASE) reported better-than-expected Q1 results but saw its stock fall 12.2% after several analysts cut their price targets. Despite beating earnings and revenue estimates, the company's future guidance led to mixed analyst reactions.
June 06, 2024 | 2:53 pm
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Couchbase reported better-than-expected Q1 results, beating both earnings and revenue estimates. However, the stock fell 12.2% as analysts cut their price targets, reflecting mixed reactions to the company's future guidance.
Despite strong Q1 results, the stock fell due to mixed analyst reactions and lowered price targets. This indicates a lack of confidence in the company's future performance, leading to a likely short-term decline in stock price.
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