Couchbase price target lowered to $19 from $20 at Barclays

Barclays lowered the firm’s price target on Couchbase to $19 from $20 and keeps an Equal Weight rating on the shares. The company experienced some customer attrition for reasons other than the macro environment in Q2, and there was not a short term offset, the analyst tells investors in a research note. The firm says this resulted in lower Q3 annual recurring revenue guidance and could weigh on the shares.