Braze price target lowered to $58 from $65 at Scotiabank

Scotiabank lowered the firm’s price target on Braze to $58 from $65 and keeps a Sector Perform rating on the shares following Q4 report. The analyst says strong bookings, revenue growth, and stabilizing net recurring revenue should help bolster investor confidence in Braze’s fiscal 2025 outlook being conservative. The firm views the company’s margin guide-down as “valid” as it adds sales capacity for the first time in twelve months.