Braze price target lowered to $45 from $75 at Loop Capital

Loop Capital lowered the firm’s price target on Braze (BRZE) to $45 from $75 and keeps a Buy rating on the shares. The company reported another solid, steady quarter, which now represents the 9th consecutive quarter of solid execution and implies that the company has largely adjusted to navigating the current macro environment, the analyst tells investors in a research note. Loop adds however that the macro probably needs to improve for the company to show reaccelerating growth.