Braze price target raised to $54 from $46 at Scotiabank

Scotiabank analyst Nick Altmann raised the firm’s price target on Braze to $54 from $46 and keeps a Sector Perform rating on the shares. The company reported another strong quarter despite a turbulent macro environment, showing upside to revenue and margins, while raising its guidance 200 basis points, the analyst tells investors in a research note. The firm is impressed by Braze’s strong execution, but waits for a better entry point before recommending shares