Goldman Sachs keeps a Buy rating and $62 price target on Braze while noting that investors should use the year-to-date weakness in the stock to acquire shares. The firm notes the launch of the Braze Data Platform announced earlier today and contends that the updated messaging will allow Braze to communicate the advantages of its platform more clearly to potential customers and capitalize on the current enterprise focus on data posture, the analyst tells investors in a research note. Braze stands to benefit from this near term focus and from the longer term secular theme of more personalized, real time, and omni-channel customer engagement, the firm added.
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