Needham downgrades Couchbase (BASE) to a Hold
Needham analyst Mike Cikos downgraded Couchbase (BASE – Research Report) to a Hold today and set a price target of $22.00. The company's shares closed today at $24.49.
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According to TipRanks, Cikos is a 5-star analyst with an average return of 12.0% and a 54.55% success rate. Cikos covers the Technology sector, focusing on stocks such as Cellebrite DI, Cognyte Software, and ServiceNow.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Couchbase with a $21.62 average price target, representing a -11.72% downside. In a report released today, Rosenblatt Securities also downgraded the stock to a Hold with a $24.50 price target.
Based on Couchbase's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $54.92 million and a GAAP net loss of $15.61 million. In comparison, last year the company earned a revenue of $50.09 million and had a GAAP net loss of $21.4 million
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