BTIG assumes Braze at Buy, confident in shares outperforming in CY26

BTIG assumed coverage of Braze (BRZE) with a Buy rating and $45 price target Q3 marked another quarter of growth reacceleration, improvements in in-period dollar-based net retention rate, heightened sales productivity, and continued margin expansion, the analyst tells investors in a research note. The firm added that improving fundamentals with a more compelling medium-term vision gets it confident in shares outperforming in CY26.