UPDATE: Baird Starts Couchbase Inc (BASE) at Outperform

Baird analyst Rob Oliver initiates coverage on Couchbase Inc (NASDAQ: BASE) with a Outperform rating and a price target of $43.00.

The analyst comments "Digital transformation is driving global enterprises to digitize their products and services. This requires that B2B and B2C applications perform at a speed and scale that often is not achievable on legacy databases. Couchbase is a leader in next-generation NoSQL database technology. Couchbase’s strong technology (multi-modal in-memory architecture, backwards compatibility to SQL), premier customer base and strong management position it well for this early-stage opportunity."

For an analyst ratings summary and ratings history on Couchbase Inc click here. For more ratings news on Couchbase Inc click here.

Shares of Couchbase Inc closed at $34.62 yesterday.

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