Oppenheimer Lowered PT on Braze, Inc (BRZE), Kept an Outperform Rating

Braze, Inc. (NASDAQ:BRZE) is one of the Best 52-Week Low Stocks to Buy According to Analysts. On June 24, Oppenheimer lowered the firm’s price target on Braze, Inc. (NASDAQ:BRZE) from $44 to $38, while keeping an Outperform rating on the stock.

The analyst highlighted that the main reason for this reduction is “lower group multiples” in the sector, not a reflection of the company’s business performance. During a meeting with the company’s management, Oppenheimer found that the company is optimistic as management sees good momentum in enterprise segments, international markets, and verticals like financial services and healthcare. They do not expect significant macroeconomic or industry risks that could affect guidance despite a smaller renewal cohort in Q2.

Oppenheimer views Braze, Inc.’s (NASDAQ:BRZE) valuation as fair given its mid-to-high teens revenue growth and potential for margin expansion. They believe the current multiple limits further downside risk to the stock.

Braze, Inc. (NASDAQ:BRZE) is a technology company that provides a customer engagement platform that helps brands connect with their customers in real time across multiple channels.

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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Disclosure: None. This article is originally published at Insider Monkey.