UBS lowered the firm’s price target on Braze to $51 from $56 and keeps a Buy rating on the shares after attending the company’s Forge conference and Analyst Day, speaking with management and several customers. The firm still believes Braze is capable of a return to durable 20%-plus growth and thinks dollar-based net retention is nearing the bottom over the next couple of quarters, but the firm lowered its FY26 revenue growth estimate to 18% year over year from 20% y/y, the analyst tells investors in a research note.
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