BTIG analyst Matthew VanVliet initiated Braze with a Buy rating and $34 price target. The analyst believes Braze’s ability to allow its 1.7K+ customers to "adapt in real time to engage effectively with their consumers to drive a specific call to action is a testament to the growing demand this space will see in the coming years," and feels that, overall, Braze is in the "early stages" of operating in a $10B TAM. VanVliet also noted that Braze has had notable companies including HBO, Sweetgreen, and Grubhub select its platform.
Published first on TheFly
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