Braze price target lowered to $35 from $40 at Stifel

Stifel analyst J. Parker Lane lowered the firm’s price target on Braze (BRZE) to $35 from $40 and keeps a Buy rating on the shares. Braze “closed the year on a high note” with its third straight quarter of organic acceleration and guiding a few points ahead of the Street for FY27, the analyst tells investors. While the firm adds that Braze remains one of its top picks as the company heads into FY27, it is trimming its price target given continued multiple compression across the group.