Braze price target raised to $75 from $65 at Loop Capital

Loop Capital analyst Yun Kim raised the firm’s price target on Braze to $75 from $65 and keeps a Buy rating on the shares. The company reported a “solid” Q3, which now represents three consecutive quarters of solid execution, implying that its business continues to show signs of stability, the analyst tells investors in a research note. Braze looks to be navigating the current selling environment better as most of its growth metrics, such as current RPO growth and billings growth, came in strong, the firm added.