Sep. 5 at 4:04 PM
Guggenheim downgraded Couchbase from Buy to Neutral, citing limited upside ahead of its
$1.5 billion sale to Haveli Investments despite better-than-expected Q2 FY2026 results. Revenue rose 12% YoY to
$57.6M, subscription revenue grew 12% to
$55.4M, and non-GAAP operating loss narrowed to
$2.6M. Annual recurring revenue increased 22% to
$260.5M, with net dollar retention at 115%. Guggenheim removed its
$26 price target, noting potential volatility if the acquisition does not close.
$BASE