Goldman Sachs raised the firm’s price target on Braze (BRZE) to $50 from $48 and keeps a Buy rating on the shares. The firm cites the company’s “solid” Q4 results, with revenue 3% above consensus and operating margin 350bps higher than expected, the analyst tells investors in a research note. Goldman maintains its view of Braze as a top pick and sees a scenario where share gain accelerates in 2025 due to customers being more willing to upgrade their marketing tech stacks after 3 years of digestion and the mechanical stabilization in net revenue retention as Braze works through its least healthy renewal cohorts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRZE:
- Braze, Inc. Reports Strong Q4 Earnings and Strategic Growth
- Lululemon reports Q4 beat, CoreWeave IPO priced at $40: Morning Buzz
- Braze price target raised to $55 from $50 at Citi
- Braze has potential to accelerate growth rate once macro improves, says Loop
- Braze price target raised to $48 from $45 at Raymond James