Expert Outlook: Couchbase Through The Eyes Of 15 Analysts
Portfolio Pulse from Benzinga Insights
Couchbase (NASDAQ:BASE) has received mixed analyst ratings over the past three months, with a shift towards more bullish sentiments recently. Analysts have adjusted their 12-month price targets, with an average target of $23.0, down from $26.23. Despite positive revenue growth, Couchbase faces challenges with profitability and asset utilization.
September 05, 2024 | 6:00 pm
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Couchbase has seen a shift towards more bullish analyst ratings recently, with an average price target of $23.0, a decrease from $26.23. The company shows strong revenue growth but faces challenges in profitability and asset utilization.
The shift towards more bullish ratings suggests a positive sentiment among analysts, which could stabilize or slightly uplift the stock price. However, the decrease in average price target and profitability challenges may limit significant upward movement.
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