Braze price target lowered to $65 from $75 at Wells Fargo

Wells Fargo lowered the firm’s price target on Braze to $65 from $75 and keeps an Overweight rating on the shares. The firm was at bi-coastal Braze customer events the last two weeks, where customer/partner feedback suggests a better spend backdrop, improving comp positioning and robust R&D roadmap, setting Braze up for strong and durable growth, says Wells.