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.
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