Couchbase price target lowered to $20 from $23 at Wells Fargo

Wells Fargo analyst Andrew Nowinski lowered the firm’s price target on Couchbase (BASE) to $20 from $23 and keeps an Overweight rating on the shares. The firm notes shares traded up about 4.6% after hours as Q4 results were mostly solid across the board. However, FY26 ARR and revenue guidance were slightly below expectations and CFO Greg Henry is departing the company. As a result, Wells’ optimism is more tempered.