Braze price target lowered to $45 from $48 at Raymond James

Raymond James analyst Brian Peterson lowered the firm’s price target on Braze (BRZE) to $45 from $48 and keeps an Outperform rating on the shares. While the firm says Braze is a structural share gainer, as brands look to leverage first-party data and Braze’s real time orchestration capabilities, Raymond James lowered its growth projections for fiscal 2026 and 2027, as overall marketing budgets remain challenged and have taken a slightly more conservative stance on growth ahead of the FY26 outlook, the analyst tells investors in a research note. The firm views the current valuation as an attractive entry point.