DA Davidson Maintains Buy on Couchbase, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Rudy Kessinger maintains a Buy rating on Couchbase (NASDAQ:BASE) but lowers the price target from $35 to $30.
June 07, 2024 | 4:52 pm
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DA Davidson analyst Rudy Kessinger maintains a Buy rating on Couchbase but lowers the price target from $35 to $30.
The maintained Buy rating suggests continued confidence in Couchbase's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100