Piper Sandler raised the firm’s price target on Couchbase (BASE) to $22 from $21 and keeps an Overweight rating on the shares. The firm notes Q4 results were strong with ARR growing 17% year-over-year to $238M, which equates to a record $18M of net new ARR quarter-over-quarter driven by strong Capella momentum and seasonality.
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Read More on BASE:
- Couchbase price target lowered to $26 from $30 at Guggenheim
- Couchbase’s Record-Breaking ARR and Capella’s Growth Drive Buy Rating
- Couchbase’s Mixed Signals: Strong Quarter Yet Cautious Outlook
- Couchbase price target lowered to $20 from $23 at Wells Fargo
- Couchbase price target lowered to $22 from $23 at Barclays