DA Davidson raises Braze stock price target to $40 on growth outlook

DA Davidson raised its price target for Braze Inc (NASDAQ:BRZE) to $40, up from $33, and maintained a Buy rating on the stock. The company's stock has surged 76% over the past six months, with revenue estimates for fiscal years 2027 and 2028 now being increased ahead of the company’s second-quarter fiscal 2027 results. Analyst Clark Wright cited constructive exchanges with the company and positive feedback from a key service partner, viewing Braze as a long-term beneficiary of enterprises shifting customer engagement objectives.

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