Barclays analyst Raimo Lenschow raised the firm’s price target on Couchbase (BASE) to $23 from $19 and keeps an Overweight rating on the shares as part of a earnings preview note for the off-cycle software names. The recent rally in software “complicates the set-up for this quarter,” the analyst tells investors in a research note. The firm says that while “things are a little better” for software, is struggles with the notion that it will be enough to move stocks further post their recent run.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASE:
- Time to Hit Buy on These 2 Software Stocks, Says Daniel Ives
- Uber downgraded, Zoom Video upgraded: Wall Street’s top analyst calls
- Wedbush upgrades Couchbase on ‘game changer’ Capella pivot
- Couchbase assumed at Outperform from Neutral at Wedbush
- Barclays sees ‘comeback’ for Couchbase, upgrades to Overweight