Braze price target raised to $48 from $42 at Canaccord

Canaccord raised the firm’s price target on Braze to $48 from $42 and keeps a Buy rating on the shares. The firm believes the cmpany has executed reasonably well in what has clearly been a tough period for markeitng and engagement tech. Canaccord believes there is potential for growth to reapproach 30%+ over time, which means there’s the potential for the stock to work higher with even faster growth and it’s possibleto see some modest multiple expansion.