Braze Analysts Riase Their Forecasts After Strong Q1 Results
Portfolio Pulse from Lisa Levin
Braze, Inc. (NASDAQ:BRZE) reported better-than-expected Q1 results with a loss of 13 cents per share and sales of $101.78 million. The company issued a strong Q2 forecast, and analysts from Piper Sandler, UBS, and Wells Fargo raised their price targets.
June 09, 2023 | 2:35 pm
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Braze reported better-than-expected Q1 results and issued a strong Q2 forecast, leading analysts to raise their price targets.
Braze's better-than-expected Q1 results and strong Q2 forecast indicate a positive outlook for the company. This has led analysts from Piper Sandler, UBS, and Wells Fargo to raise their price targets, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100