RBC Capital Reaffirms Their Buy Rating on Couchbase (BASE)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Couchbase (BASEResearch Report) on September 8 and set a price target of $25.00. The company’s shares closed yesterday at $15.60.

Hedberg covers the Technology sector, focusing on stocks such as UiPath, Palo Alto Networks, and Teradata. According to TipRanks, Hedberg has an average return of -9.4% and a 35.87% success rate on recommended stocks.

In addition to RBC Capital, Couchbase also received a Buy from Barclays’s Raimo Lenschow in a report issued on September 8. However, on the same day, Morgan Stanley maintained a Hold rating on Couchbase (NASDAQ: BASE).

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BASE market cap is currently $699.9M and has a P/E ratio of -10.76.

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Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a highly scalable and available platform.

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