In a report released on January 7, Matthew Hedberg from RBC Capital maintained a Buy rating on Couchbase (BASE – Research Report), with a price target of $29.00. The company’s shares closed yesterday at $22.31.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 6.7% and a 54.56% success rate. Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Informatica, and Autodesk.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Couchbase with a $25.00 average price target, implying a 12.06% upside from current levels. In a report released on January 8, Wells Fargo also initiated coverage with a Buy rating on the stock with a $26.00 price target.
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BASE market cap is currently $1.09B and has a P/E ratio of -13.98.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BASE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Couchbase (BASE) Company Description:
Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a highly scalable and available platform.
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