Oppenheimer more positive on Braze’s competitive positioning

Oppenheimer keeps an Outperform rating and $60 price target on Braze but notes that following the firm’s meeting with the company CFO Isabelle Winkles at Oppenheimer’s Annual Software Bus Tour, Oppenheimer is more positive on its competitive positioning against legacy orchestration suppliers and its business execution in a challenging sales environment. The firm further cites the management’s tone around its AI enabled messaging orchestration solutions, improving sales efficiency, under penetrated international opportunity and partner channel, and nearing profitability inflection, the analyst tells investors in a research note.