When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BASE - Couchbase Inc.: Rating Downgrade On Lowered Growth Expectations
Couchbase Inc.
2024-06-18 21:22:45 ET
Summary
Investment rating downgraded from buy to hold due to concerns about competitive landscape and demand environment.
1Q25 results showed revenue growth, but ARR growth decelerated, and Capella customer additions slowed significantly.
Valuation adjusted downwards to $14 in the near term, with a new multiple expectation of 2.3x due to increased competitive pressure and tough macro environment.