Braze (BRZE – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Tyler Radke from Citi reiterated a Buy rating on the stock and has a $50.00 price target.
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Tyler Radke has given his Buy rating due to a combination of factors that suggest potential growth and strategic positioning for Braze. Despite a challenging macroeconomic environment, Braze’s recent record bookings indicate a strong finish to FY25, and the company is expected to maintain a conservative growth outlook for FY26, aligning with consensus expectations. Radke notes that while there are some sales leadership changes, the company’s strategic partnership with Shopify could enhance its presence in the retail and e-commerce sectors, offering opportunities for increased messaging volume and user engagement.
Additionally, Radke believes that Braze is positioned to potentially exceed expectations in the upcoming quarters, with a Q4 performance that could mirror previous beats. Although Q1 growth guidance might be slightly below consensus due to fewer days and macroeconomic challenges, the overall FY26 guidance remains achievable. Radke’s estimates remain largely unchanged, with minor adjustments to cash flow and EBIT expectations, reflecting a cautious yet optimistic outlook on Braze’s ability to navigate the current market conditions.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $45.00 price target.