Wells Fargo raised the firm’s price target on Couchbase (BASE) to $34 from $26 and keeps an Overweight rating on the shares. The firm notes shares of Couchbase are up 24% year-to-date and have solidly outperformed peers such as MongoDB (MDB). Nonetheless, the stock is still relatively cheap trading at just 5.8-times EV/2025 sales, Wells says. The firm remains bullish as Capella adoption ramps.
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:
- BASE Upcoming Earnings Report: What to Expect?
- Couchbase downgraded to Equal Weight from Overweight at Barclays
- 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