Where Does Wall Street Think Couchbase Inc (BASE) Stock Will Go?

Wall Street is positive on Couchbase Inc (BASE). On average, analysts give BASE a Strong Buy rating. The average price target is $45.833, which means analysts expect the stock to climb by 31.48% over the next twelve months. That average ranking earns BASE an Analyst Rating of 59, which is better than 59% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating BASE a Strong Buy today. Find out what this means to you and get the rest of the rankings on BASE!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Couchbase Inc Stock Today?

Couchbase Inc (BASE) stock is trading at $34.86 as of 1:20 PM on Wednesday, Oct 13, a gain of $1.75, or 5.29% from the previous closing price of $33.11. The stock has traded between $33.14 and $35.33 so far today. Volume today is less active than usual. So far 264,458 shares have traded compared to average volume of 693,608 shares. Click Here to get the full Stock Report for Couchbase Inc stock.