Barclays analyst Raimo Lenschow maintains $Couchbase (BASE.US)$ with a buy rating, and maintains the target price at $23.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 3.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Couchbase (BASE.US)$'s main analysts recently are as follows:
Following a subdued beginning to the year, Couchbase has reported its second consecutive quarter matching expectations. Despite this, an in-line ARR result and repeated guidance for Q4 ARR are deemed insufficient as investors express concerns about the projected strong turnaround in guidance. Nevertheless, growing traction with Capella, a more evenly distributed FY26 renewal base, and a value considered reasonable are factors that contribute to a cautiously optimistic outlook.
Following a strong financial quarter where revenue and operating income surpassed expectations, and ARR met forecasts, it is believed that the ongoing shift towards NoSQL technologies and increasing momentum with Capella will enable sustained mid-to-high teens ARR growth and enhanced profitability. However, a return to growth rates above 20% is seen as unlikely until Capella migrations significantly pick up pace.
The company reported a quarter in line with expectations, highlighted by ongoing traction with Capella. Third-quarter Annual Recurring Revenue (ARR) fell within the guidance range, and despite a narrowed full-year ARR outlook, management remains confident in hitting these targets.
Note:
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