In a report issued on March 31, Mark Murphy from J.P. Morgan maintained a Buy rating on Braze (BRZE – Research Report), with a price target of $65.00. The company’s shares closed last Friday at $40.48, close to its 52-week low of $30.76.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 15.9% and a 63.4% success rate. Murphy covers the Technology sector, focusing on stocks such as Qualtrics International, DoubleVerify Holdings, and DigitalOcean Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Braze with a $70.00 average price target, implying a 67.0% upside from current levels. In a report issued on March 31, Needham also reiterated a Buy rating on the stock with a $70.00 price target.
Braze’s market cap is currently $3.41B and has a P/E ratio of -117.44.
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Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries.
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