Canaccord Genuity Maintains Buy on Braze, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on Braze (NASDAQ:BRZE) but lowers the price target from $65 to $50.

April 22, 2024 | 11:40 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Braze but lowers the price target from $65 to $50.
The reduction in price target by Canaccord Genuity could have a mixed impact on Braze's stock price. While maintaining a Buy rating indicates a positive outlook on the company, the lowered price target may signal revised expectations about the company's future performance. This could lead to short-term volatility in the stock price as investors adjust to the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100