Barclays lowered the firm’s price target on Braze (BRZE) to $35 from $43 and keeps an Overweight rating on the shares. The firm says the Q2 off-cycle software earnings will be another test to see if the sector can find valuation support. Chanel checks show solid end demand and stock valuation levels are much lower, but artificial intelligence uncertainties remain, the analyst tells investors in a research note.
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