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Braze price target lowered to $43 from $47 at TD Cowen

TD Cowen lowered the firm’s price target on Braze (BRZE) to $43 from $47 and keeps a Buy rating on the shares. The firm said they reported a softer revenue beat but it did flow the upside into a raised organic FY26 guide. The closing of OfferFit is expected to pressure margins but adds valuable tech and opportunity to cross-sell the base.

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