DA Davidson lowered the firm’s price target on Braze (BRZE) to $40 from $50 and keeps a Buy rating on the shares as part of a broader research note updating estimates within the firm’s coverage of the Software group. The firm is now assuming a base case of one or two quarters of negative GDP in the US this year, which will translate to lower growth and has already translated to lower valuations, the analyst tells investors in a research note. DA Davidson adds that regardless of how the current tariff regime plays out, it sees a slowdown in consumer activity and corporate investment, at least for the next couple of quarters.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRZE:
- 3 Best Stocks to Buy Now, 3/31/2025, According to Top Analysts
- Braze price target raised to $50 from $48 at Goldman Sachs
- Braze, Inc. Reports Strong Q4 Earnings and Strategic Growth
- Lululemon reports Q4 beat, CoreWeave IPO priced at $40: Morning Buzz
- Braze price target raised to $55 from $50 at Citi