Truist initiated coverage of Couchbase (BASE) with a Buy rating and $21 price target Couchbase has created a differentiated offering with the potential to carve out a defensible segment of the market for themselves in mission critical enterprise workloads, and while the Capella transition decreases top line visibility in the near-term, Truist favors leaning into the transition early, the analyst tells investors in a research note. The firm believes that the scalability of the consumption model has the potential to drive upside surprise versus consensus expectations.
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