Braze Inc (BRZE) PT Lowered to $40 at Stifel

Stifel analyst Parker Lane lowered the price target on Braze Inc (NASDAQ: BRZE) to $40.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "A flurry of announcements from model providers and AI-natives have recently driven BRZE sentiment sharply lower (-45% YTD), with questions arising about the sustainability of growth trends (medium/long-term). The obvious question becomes... what makes SaaS (and BRZE specifically) work? The answer is best evaluated on a case-by-case basis, as the probability of some incumbent SaaS providers being unseated by AI platforms is becoming more likely in our view, as we continue to see viral use-cases of AI replacing workflows traditionally handled by SaaS incumbents in a more efficient or reimagined way. Certainly, slow-movers lacking structural moats will be the ones left behind. What the market is struggling with, however, is evaluating which subsectors and SaaS providers possess wider, more resilient moats. We believe Braze is a prime example of a company with an overlooked moat, and see it as a potential AI winner. Maintain Buy. TP to $40."

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