Couchbase, Inc.: Rating Downgrade On Lowered Growth Expectations
BASEchbase(BASE) Seeking Alpha·2024-06-19 09:22

islander11 Investment summary My previous investment thought (published on March 22nd) was a buy rating because I thought Couchbase, Inc. (NASDAQ:BASE) could beat its FY25 guidance given the strong performance and demand momentum. I am downgrading my rating from buy to hold as I am concerned about the competitive landscape and the tougher-than- expected demand environment. In light of these two factors, I am now assuming BASE will only be able to grow top line in the mid-teens percentage range. 1Q25 results ...