Braze price target raised to $38 from $35 at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew VanVliet raised the firm’s price target on Braze (BRZE) to $38 from $35 and keeps an Overweight rating on the shares. Braze delivered a beat-and-raise Q2, comfortably beating expectations, the analyst tells investors in a research note. The broader market acknowledgment that Braze has critical tech differentiation vs. legacy marketing tools is materializing in results and forward guidance, the firm says.