Wells Fargo Maintains Overweight on Couchbase, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Couchbase (NASDAQ:BASE) but lowers the price target from $30 to $23.
September 05, 2024 | 3:34 pm
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Wells Fargo's analyst Andrew Nowinski continues to rate Couchbase as Overweight, indicating a positive outlook, but has reduced the price target from $30 to $23, suggesting a more cautious valuation.
The Overweight rating suggests a positive outlook, but the lowered price target indicates a reassessment of Couchbase's valuation, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
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