Canaccord raised the firm’s price target on Braze (BRZE) to $50 from $45 and keeps a Buy rating on the shares. The firm said the posted solid Q4 results and while there were numerous business highlights in the quarter; notable new customer wins and expansions, new e-commerce features for Braze’s retail and consumer good customers, a new strategic partnership with Shopify (SHOP), etc., the big news in conjunction with earnings was Braze’s proposed $325M acquisition of OfferFit, which is expected to close in FQ2.
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