In a report released on February 26, Matthew Hedberg from RBC Capital maintained a Buy rating on Couchbase (BASE – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $27.48.
Hedberg covers the Technology sector, focusing on stocks such as Couchbase, F5 Networks, and Palo Alto Networks. According to TipRanks, Hedberg has an average return of 12.0% and a 56.89% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Couchbase with a $26.33 average price target.
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The company has a one-year high of $28.50 and a one-year low of $12.98. Currently, Couchbase has an average volume of 470.2K.
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.
Read More on BASE:
- Couchbase downgraded to Equal Weight from Overweight at Barclays
- Couchbase Announces New Registrant Financial Obligation
- Couchbase Secures $25M Revolving Credit Facility with MUFG Bank
- DA Davidson Data and AI analysts hold analyst/industry conference call
- DA Davidson technology analysts to hold an analyst/industry conference call
