TD Cowen Maintains Buy on Braze, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood maintains a Buy rating on Braze (NASDAQ:BRZE) but lowers the price target from $68 to $65.

March 28, 2024 | 4:37 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Braze but lowers the price target from $68 to $65.
The adjustment in price target by TD Cowen reflects a slight modification in their valuation assessment of Braze, yet the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This could lead to mixed reactions in the short term as investors weigh the reduced price target against the sustained positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100