DA Davidson Reiterates Buy Rating on Braze Inc (BRZE)

DA Davidson analyst Gil Luria reiterated a Buy rating and $65.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst commented: "We reiterate our BUY rating and $65 price target on Braze following positive long term takeaways from our recent conversation with a key enterprise service provider and the company. While we expect the macro to remain a headwind through year-end as companies prioritize profitability and delay software replacement projects, upselling momentum with existing customers supports this year's growth trajectory. We remain confident in the long term opportunity for Braze to maximize the ROI of existing marketing spend and displace legacy marketing vendors."

For an analyst ratings summary and ratings history on Braze Inc click here. For more ratings news on Braze Inc click here.

Shares of Braze Inc closed at $38.14 yesterday.

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