Braze price target raised to $58 from $52 at Citi

Citi raised the firm’s price target on Braze to $58 from $52 and keeps a Buy rating on the shares. The company “bucked weak Q1 seasonality trends” with a broad-based sales beat and raise quarter and slight upside to profitability, the analyst tells investors in a research note. The firm believes the beat/raise and favorable commentary on demand should allow the stock to work from here.