Wells Fargo analyst Michael Berg raised the firm’s price target on Braze (BRZE) to $55 from $50 and keeps an Overweight rating on the shares. The firm notes the company’s Q4 was better than feared, as top-line results suggest stabilization in business. Admittedly still operating in challenged/uncertain backdrop, but with renewal headwinds fading and comparable sales landscape improving, it sees healthy path ahead.
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Read More on BRZE:
- Braze’s Strong Market Position and Growth Potential: Analyst Recommends Buy Rating
- Braze, Inc. Reports Strong Revenue Growth and Strategic AI Acquisition
- Braze’s Strong Performance and Strategic Moves Justify Buy Rating and Raised Price Target
- Closing Bell Movers: Lululemon falls 10% on soft guidance
- Braze sees Q1 EPS 4c-5c, consensus 4c
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