Braze price target raised to $54 from $50 at BTIG

BTIG raised the firm’s price target on Braze to $54 from $50 and keeps a Buy rating on the shares. The company’s Q2 earnings beat showcased its revenue growth that was ahead of expectations, along with operating margins outperforming estimates by over 730 basis points, the analyst tells investors in a research note. The management . pointed out the strength of their diversified revenue base with no single sector accounting for more than 25% of their annual recurring revenue, the firm added.