Citi analyst Tyler Radke lowered the firm’s price target on Braze (BRZE) to $50 from $51 and keeps a Buy rating on the shares. The firm says that although Braze’s record bookings announcement likely indicates a strong finish to fiscal 2025, the company’s initial fiscal 2026 growth guidance “will lean conservative and land near consensus expectations.” This is due to the choppy macro environment and some sales leadership changes, the analyst tells investors in a research note. Citi believes Braze can reaccelerate growth in the second half of the year.
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