Couchbase price target raised to $37 from $34 at Wells Fargo

Wells Fargo raised the firm’s price target on Couchbase to $37 from $34 and keeps an Overweight rating on the shares. The firm says Couchbase continues to deliver solid results and is well-positioned as a strong alternative in the Gen AI market. With ARR growing 25% year-over-year and a valuation of about 6-times EV/2025 sales, Wells remains bullish on the company’s long-term outlook.