Couchbase price target raised to $33 from $29 at Barclays

Barclays raised the firm’s price target on Couchbase to $33 from $29 and keeps an Equal Weight rating on the shares. The company’s Q4 results “were good enough to keep optimism elevated” with strong customer adds, slightly better beat levels and conservative guidance that was in-line with consensus but suggests room for future upside, the analyst tells investors in a research note.