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 (NASDAQ:BRZE) 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.
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.
