DA Davidson Reiterates Buy Rating on Braze Inc (BRZE)

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

The analyst comments "Braze reported a strong top line beat and better than expected profitability despite ongoing investments in headcount and R&D to support longer term growth objectives. During the quarter the company completed the acquisition of Offerfit, which we believe has the potential to drive expansion deals with existing customers. Adjusting for the F1Q revenue beat and expected OfferFit contributions now layered into the full year guide, Braze maintained its FY26 outlook which we view as "derisked". We are maintaining our BUY rating and $40 PT (5.5x FY26 revenue)."

For an analyst ratings summary and ratings history on Braze Inc click here. For more ratings news on Braze Inc click here.

Shares of Braze Inc closed at $36.10 yesterday.

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