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A Closer Look at 9 Analyst Recommendations For Couchbase
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A Closer Look at 9 Analyst Recommendations For Couchbase
Jun 7, 2024 10:30 AM

Analysts' ratings for Couchbase ( BASE ) over the last quarter vary from bullish to bearish, as provided by 9 analysts.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 4 3 0 1
Last 30D 1 0 0 0 0
1M Ago 0 4 3 0 1
2M Ago 0 0 0 0 0
3M Ago 0 0 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Couchbase ( BASE ), presenting an average target of $28.67, a high estimate of $32.00, and a low estimate of $18.00. A 15.38% drop is evident in the current average compared to the previous average price target of $33.88.

Investigating Analyst Ratings: An Elaborate Study

The analysis of recent analyst actions sheds light on the perception of Couchbase ( BASE ) by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Rudy Kessinger DA Davidson Lowers Buy $30.00 $35.00
Andrew Nowinski Wells Fargo Lowers Overweight $30.00 $37.00
Raimo Lenschow Barclays Lowers Equal-Weight $27.00 $33.00
Ittai Kidron Oppenheimer Lowers Outperform $30.00 $36.00
Sanjit Singh Morgan Stanley Lowers Equal-Weight $29.00 $30.00
Kash Rangan Goldman Sachs Lowers Sell $18.00 $30.00
Rob Oliver Baird Lowers Outperform $32.00 $35.00
Matthew Hedberg RBC Capital Lowers Outperform $31.00 $35.00
Austin Dietz UBS Announces Neutral $31.00 -

Key Insights:

Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Couchbase ( BASE ). This offers insight into analysts' perspectives on the current state of the company.

Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Couchbase ( BASE ) compared to the broader market.

Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Couchbase's ( BASE ) future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Couchbase's ( BASE ) market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Couchbase ( BASE ) analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

All You Need to Know About Couchbase

Couchbase Inc ( BASE ) provides a modern cloud database that offers the robust capabilities required for business-critical applications on a scalable and available platform. It empower developers and architects to build, deploy and run mission-critical applications. Couchbase ( BASE ) delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Geographically, the company generates a majority of its revenue from the United States.

Couchbase's Financial Performance

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Couchbase's ( BASE ) remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 2.47%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Couchbase's ( BASE ) net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -40.9%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -16.18%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Couchbase's ( BASE ) ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -8.56%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Couchbase's ( BASE ) debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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