Braze price target lowered to $40 from $52 at Loop Capital

Loop Capital analyst Yun Kim lowered the firm’s price target on Braze to $40 from $52 and keeps a Buy rating on the shares. Braze continues to be impacted by macro headwinds like many of its peers, which is reflected in its lackluster current RPO growth in Q3, which decelerated to 42% y/y vs. 52% in Q2, Kim tells investors in a research note.