RBC Capital analyst Matthew Hedberg maintained a Buy rating on Couchbase on Friday, setting a price target of $53, which is approximately 65.94% above the present share price of $31.94.
Hedberg expects Couchbase to post earnings per share (EPS) of -$1.76 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Couchbase, with an average price target of $48.86.
The analysts price targets range from a high of $53 to a low of $37.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $29.7 million and a net profit of -$13.99 million. The company's market cap is $1.38 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 36.2% and a 73.53% success rate.
Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a highly scalable and available platform.