
Couchbase (BASE) Stock Forecast & Price Target
Couchbase (BASE) Analyst Ratings
Bulls say
Couchbase Inc has demonstrated a strong performance in its fourth quarter, with Annual Recurring Revenue (ARR) increasing 17% year-over-year to $238 million and achieving a record $18 million in net new ARR quarter-over-quarter, bolstered by the momentum of its Capella product. Additionally, subscription revenue comprised 95% of total revenue in FY24, reflecting a positive trend from 92% in FY23, indicating a strong reliance on recurring revenue streams. The company expects further growth in net new ARR from Capella migrations in FY26, suggesting a promising outlook for future revenue increases as customer engagement and pipeline strengthen.
Bears say
Couchbase Inc has revised its revenue guidance for the fiscal year 2026 downward to a range of $228-232 million, which is below consensus expectations of $237 million, primarily due to impacts from Capella migrations that hinder upfront license revenue recognition. Additionally, the company faces potential delays in achieving full-year free cash flow profitability, now projected for fiscal year 2027, driven by a backend-loaded annual recurring revenue performance. Furthermore, a decline in the dollar-based net retention rate to slightly over 114% indicates challenges with customer retention and upselling, compounded by a weaker economic backdrop that may increase pressure on IT budgets and demand for Couchbase's services.
This aggregate rating is based on analysts' research of Couchbase and is not a guaranteed prediction by Public.com or investment advice.
Couchbase (BASE) Analyst Forecast & Price Prediction
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