Macquarie analyst Ross Compton raised the firm’s price target on Braze (BRZE) to $39 from $30 and keeps a Neutral rating on the shares. Braze beat on the top and bottom lines, aided by premium messaging channels, the analyst tells investors in a research note. Project Catalyst, its AI initiative, could drive a step change in revenue growth, with beta rollout poised for the first half of fiscal 2025, the firm says, adding that it believes AI features will accelerate top-line growth through pricing power and increased messaging volumes.
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Read More on BRZE:
- Oracle reports mixed Q2, Gen Digital to acquire MoneyLion: Morning Buzz
- Braze price target lowered to $50 from $55 at DA Davidson
- Braze price target lowered to $50 from $70 at Needham
- Braze price target raised to $48 from $37 at Stifel
- Braze price target raised to $48 from $40 at Piper Sandler
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