Braze Inc (NASDAQ:BRZE) is one of the 13 Best Revenue Growth Stocks to Buy Right Now.
On February 2, Piper Sandler cut the price target on Braze to $30 from $50 and maintained an Overweight rating on the company’s shares.
A team of data experts gathered around a computer monitor analyzing customer data.
In a broad sweep, Piper downgraded three names and cut price targets across the platforms and apps group, because “seat-compression and vibe coding narratives could set a ceiling on multiples,” according to a research note. Software will continue to experience “pessimism,” while the hyperscaler, consumption, and vertical sub-sectors should fare better, according to the note.
On January 28, Goldman Sachs also lowered the price target on Braze to $45 from $55, as well as kept its Buy rating on the stock.
Earlier in the month, Needham analyst Scott Berg maintained a Buy rating on the stock with a price target of $50, citing operational improvements, product innovations, and positive demand signs. The analyst commended the company’s strategic execution, with its data-first customer engagement platform as a good fit, as more and more firms focus on automation and agentic commerce.
Braze, Inc. operates a customer relationship management platform for mobile applications. Its application combines messaging, audience segmentation, analytics, and user support in a single integrated solution.
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This article is originally published at Insider Monkey.
