Couchbase price target lowered to $30 from $37 at Wells Fargo

Wells Fargo analyst Andrew Nowinski lowered the firm’s price target on Couchbase (BASE) to $30 from $37 and keeps an Overweight rating on the shares. The firm notes Couchbase’s ARR missed, as it is seeing macro pressures similar to what MongoDB (MDB) reported. Some deals slipped, though they were not lost. Wells further points out that management implemented new GTM changes, which should address the execution issues and drive growth in the second half of 2025.