Braze reports another solid quarter, says Loop Capital

Loop Capital analyst Yun Kim keeps a Buy rating and $75 price target on Braze while noting that the company has posted “another solid quarter”. This represents five consecutive quarters of solid execution, implying that Braze’s business continues to have largely stabilized and that the company is navigating the current selling environment better, the analyst tells investors in a research note. Braze management has again noted strength in its enterprise business with its diversified exposure across all verticals, geos, and customer size, while most of its growth metrics, such as current Remaining Performance Obligations, cRPO, growth and billings growth again came in solid, the firm added.