Braze to show resilient growth in tough spending environment, says DA Davidson

DA Davidson analyst Gil Luria keeps a Buy rating and $65 price target on Braze (BRZE) after a meeting with its management that left the firm “incrementally more positive” on the company’s competitive advantages. Braze is a high quality franchise that is positioned to display resilient growth in a tough spending environment, the analyst tells investors in a research note. The recent policy changes being implemented by Google (GOOGL) and Yahoo to reduce spam and promote commercial email best practices starting February 1st are also a potential demand driver for Braze, the firm added.