Couchbase shares are trading lower after the company reported worse-than-expected Q2 EPS results and announced it's unable to provide GAAP targets for Q3 and FY25. Also, Piper Sandler and Baird lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Couchbase shares declined after the company reported disappointing Q2 EPS results and announced it cannot provide GAAP targets for Q3 and FY25. Additionally, Piper Sandler and Baird lowered their price targets for the stock.
September 05, 2024 | 12:13 pm
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NEGATIVE IMPACT
Couchbase's stock is under pressure due to worse-than-expected Q2 EPS results and the inability to provide GAAP targets for upcoming periods. Analysts Piper Sandler and Baird have also lowered their price targets, adding to the negative sentiment.
The negative earnings report and lack of future guidance create uncertainty, leading to a drop in stock price. The lowered price targets by analysts further contribute to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100