Braze price target lowered to $50 from $55 at Wells Fargo

Wells Fargo lowered the firm’s price target on Braze (BRZE) to $50 from $55 and keeps an Overweight rating on the shares. With positive recent feedback and achievable FY26 outlook expectations, the firm views Q4/initial FY26 guide as well set up. While acknowledging macro concerns, with Braze trading off over 20% since February, Wells views this as a healthy entry point.