- The shares of Couchbase Inc (NASDAQ: BASE) have received a $25 price target from RBC Capital. These are the details.
The shares of Couchbase Inc (NASDAQ: BASE) have received a $25 price target from RBC Capital. And RBC Capital analyst Matthew Hedberg is maintaining an “Outperform” rating on the shares.
Hedberg adjusted the rating on the shares to reflect a peer group multiple contraction ahead of the first-quarter results this week. And Hedberg stated that he would expect a slight upside to consensus estimates.
Plus Hedberg believes that the valuation on the stock is attractive at 3-times enterprise value to the expected 2023 sales.
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