Couchbase (BASE) Stock Price: $25 Target And Outperform Rating

By Pulse 2.0 Staff ● Jun 12, 2022
  • 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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