Couchbase price target lowered to $22 from $23 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Couchbase (BASE) to $22 from $23 and keeps an Overweight rating on the shares post the Q4 report. The company finished the year with a better quarter and the reacceleration of annual recurring revenue growth can continue from easier comps and a larger renewal pool, which “should enable the shares to continue to work,” the analyst tells investors in a research note.