Braze initiated with an Outperform at Mizuho

Mizuho initiated coverage of Braze (BRZE) with an Outperform rating and $40 price target The firm says the company offers a “best-in-class” customer engagement platform for real-time, personalized messaging across channels. It sees multiple long-term growth levers for Braze, including its vertical focus, international expansion, and growing partner ecosystem. The analyst believes current levels offer an attractive entry point.