Braze price target raised to $42 from $40 at DA Davidson

DA Davidson raised the firm’s price target connected Braze (BRZE) to $42 from $40 and keeps a Buy standing connected the shares. The institution reported a beardown topline bushed successful Q3 with amended than expected operating margins, the expert tells investors successful a probe note. Braze besides highlighted beardown pipeline procreation and increasing request for Braze AI, with the institution achieving the strongest 4th of sequential lawsuit adds since Q3 of FY23, the steadfast added.

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• Braze terms people raised to $50 from $45 astatine Mizuho

• Braze terms people raised to $45 from $40 astatine Stifel

• Braze terms people raised to $45 from $40 astatine Wells Fargo

• Braze terms people raised to $53 from $52 astatine Citi

• Braze’s Strong Market Position and Growth Potential Justify Buy Rating with $45 Price Target