Analyst Scott Berg of Needham maintained a Buy rating on Braze (BRZE – Research Report), retaining the price target of $50.00.
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Scott Berg’s rating is based on the impressive performance of Braze, as evidenced by their record-breaking customer bookings in the fourth quarter and fiscal year 2025. Despite the stepping down of Myles Kleeger, the company’s President and Chief Commercial Officer, Berg views the transition as an opportunity for Braze to strategically enhance its leadership to further scale growth.
Moreover, even though the demand for marketing software has generally decreased compared to previous years, Braze maintains a strong competitive position with high win rates. Berg seems to interpret the leadership change as a personal decision rather than a reflection of any underlying issues, suggesting confidence in Braze’s continued success in the market.