Critical Insights From Couchbase Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Couchbase (NASDAQ:BASE) has been analyzed by 12 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $27.67, down 17.25% from the previous $33.44. Recent analyst actions include several downgrades and lowered price targets, reflecting changing market dynamics and company performance.
August 16, 2024 | 12:01 pm
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Couchbase has received mixed analyst ratings with a notable decrease in the average 12-month price target to $27.67, down 17.25% from the previous $33.44. Recent downgrades by several analysts indicate a cautious outlook.
The decrease in the average price target and multiple downgrades by analysts suggest a cautious outlook on Couchbase's future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100