Braze price target lowered to $40 from $50 at Mizuho

Mizuho analyst Siti Panigrahi lowered the firm’s price target on Braze (BRZE) to $40 from $50 and keeps an Outperform rating on the shares. The company reported stung Q4 results with revenue up 28% year-over-year, the analyst tells investors in a research note. The firm cites multiple contraction for the target cut but says Braze’s AI momentum is “promising.”