DA Davidson analyst Clark Wright reiterated a Buy rating and $40.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst commented, "Over the past two days we attended Braze Forge, the company's annual user conference where we heard constructive commentary from both customers and partners around displacement and consolidation trends. We see this dynamic supporting upside to the company's FY27 revenue guide which implies 23% Y/ Y and remain positive on Braze's ability to gain share LT. Our stance remains that Braze is winning where it matters most today, replacing incumbent platforms and strengthening its position as the orchestration layer for modern customer engagement. We reiterate our BUY rating and $40 PT (30x FY28 FCF)."

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Shares of Braze Inc closed at $25.10 yesterday.