14 Best Cloud Computing Stocks to Buy Right Now

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13. Braze, Inc. (NASDAQ:BRZE)

Number of Hedge Fund Holders: 34

Braze, Inc. (NASDAQ:BRZE) is one of the 14 Best Cloud Computing Stocks to Buy Right Now. On February 9, Stifel reduced its price objective on the company’s stock to $40 from $45, while keeping a “Buy” rating, as reported by The Fly.

As per the firm, the recent announcements coming from AI model providers as well as AI-native companies resulted in negative sentiments for the company. There are questions about the sustainability of Braze, Inc. (NASDAQ:BRZE)’s growth trends over the medium to long term.

That being said, the firm believes that Braze, Inc. (NASDAQ:BRZE) possesses an overlooked moat and is a potential AI winner compared to other SaaS providers, which are vulnerable to disruption.

Meanwhile, Piper Sandler reduced its price objective on Braze, Inc. (NASDAQ:BRZE)’s stock to $30 from $50, while keeping an “Overweight” rating. The firm believes there will be pessimism around the software space, and investors should emphasize consumption, hyperscaler, and vertical sub-sectors.

Braze, Inc. (NASDAQ:BRZE) operates a customer engagement platform. Notably, Braze Cloud Data Ingestion (CDI) allows brands in harnessing their customer data.

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