Braze price target raised to $57 from $52 at JPMorgan

JPMorgan raised the firm’s price target on Braze to $57 from $52 and keeps an Overweight rating on the shares. The analyst is “tactically optimistic” going into the fiscal Q3 print for Braze, saying the overall setup for numbers looks achievable. This is supported by constructive feedback from three industry contacts, all of whom painted a very optimistic picture around Braze’s medium to long-term market opportunity, the analyst tells investors in a research note. The firm says the company continues to solidify its position as a critical first-party data set for companies.