Braze price target raised to $55 from $53 at Wells Fargo

Wells Fargo raised the firm’s price target on Braze to $55 from $53 and keeps an Overweight rating on the shares. Broad strength drove top-line reacceleration in Q2, without meaningful change in the macro backdrop, giving Wells Fargo incremental confidence Braze is executing its long-term vision of winning and consolidating the next-gen customer engagement market, the analyst tells investors in a research note.