RBC Capital Reiterates Couchbase (BASE) Outperform Recommendation
Nasdaq Fintel reports that on September 7, 2023, RBC Capital reiterated coverage of Couchbase (NASDAQ:BASE) with a Outperform recommendation.
Analyst Price Forecast Suggests 30.44% Upside
As of August 31, 2023, the average one-year price target for Couchbase is 21.52. The forecasts range from a low of 16.16 to a high of $26.25. The average price target represents an increase of 30.44% from its latest reported closing price of 16.50.
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The projected annual revenue for Couchbase is 180MM, an increase of 9.47%. The projected annual non-GAAP EPS is -1.08.
What is the Fund Sentiment?
There are 228 funds or institutions reporting positions in Couchbase. This is an increase of 15 owner(s) or 7.04% in the last quarter. Average portfolio weight of all funds dedicated to BASE is 0.60%, an increase of 1.85%. Total shares owned by institutions increased in the last three months by 13.78% to 34,746K shares. The put/call ratio of BASE is 0.62, indicating a bullish outlook.