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Braze price target raised to $39 from $30 at Macquarie
The Fly

Braze price target raised to $39 from $30 at Macquarie

Macquarie analyst Ross Compton raised the firm’s price target on Braze (BRZE) to $39 from $30 and keeps a Neutral rating on the shares. Braze beat on the top and bottom lines, aided by premium messaging channels, the analyst tells investors in a research note. Project Catalyst, its AI initiative, could drive a step change in revenue growth, with beta rollout poised for the first half of fiscal 2025, the firm says, adding that it believes AI features will accelerate top-line growth through pricing power and increased messaging volumes.

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