Barclays downgraded Couchbase to Equal Weight from Overweight with a price target of $29, up from $26. The analyst sees a continuation from the on-cycle trends for the off-cycle software earnings reporters, namely a solid Q4 and conservative guidance for the coming fiscal 2024. It will be tough calling the actual direction of share movements with such a set-up “given the greatly increased optimism,” the analyst tells investors in a research note. The firm prefers to stay conservative on the group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BASE:
- Couchbase Announces New Registrant Financial Obligation
- Couchbase Secures $25M Revolving Credit Facility with MUFG Bank
- DA Davidson Data and AI analysts hold analyst/industry conference call
- DA Davidson technology analysts to hold an analyst/industry conference call
- DA Davidson enterprise security analysts hold analyst/industry conference call