Wells Fargo Maintained a Buy Rating on Braze Inc. (BRZE), Keeps the PT Unchanged

Braze, Inc. (NASDAQ:BRZE) is one of the 10 Best 52-Week Low Tech Stocks To Buy According to Analysts. On June 26, Analyst Michael Berg from Wells Fargo maintained a Buy rating on Braze, Inc. (NASDAQ:BRZE) with a price target of $40.

Analyst Michael Berg noted that although there are short-term concerns about growth deceleration. However, Braze, Inc. (NASDAQ:BRZE) is expected to stabilize its revenue growth by fiscal year 2026 and recover in the second half of fiscal year 2027. Berg remains positive about this recovery due to strong net new bookings and improved sales productivity rates.

Wells Fargo Maintained a Buy Rating on Braze Inc. (BRZE), Keeps the PT Unchanged

A web developer hunched over their laptop coding a customer engagement platform.

The analyst also views the appointment of Ed McDonnell as the new Chief Revenue Officer positively, noting his focus on the company’s go-to-market strategies. He noted that the market conditions are favorable for Braze, Inc. (NASDAQ:BRZE) as it maintains a strong moat due to its data advantage, which is crucial in the AI-driven customer engagement market.

Braze, Inc. (NASDAQ:BRZE) is a tech company that provides a customer engagement platform. Its platform helps brands create personalized, data-driven interactions with their customers across multiple channels in real-time.

While we acknowledge the potential of BRZE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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