Piper Sandler lowered the firm’s price target on Braze to $40 from $51 to better reflect uncertainty into year-end, while keeping an Overweight rating on the shares. The firm notes software sentiment remains mixed with 5 of 24 stocks on its coverage list outperforming the S&P500’s +21% year-to-date. However, sentiment has improved in the last month with broader participation.
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