TD Cowen Maintains Buy on Braze, Lowers Price Target to $52
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 $65 to $52.
May 31, 2024 | 5:33 pm
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NEUTRAL IMPACT
TD Cowen analyst J. Derrick Wood maintains a Buy rating on Braze but lowers the price target from $65 to $52.
The Buy rating suggests continued confidence in Braze's long-term prospects, but the lowered price target indicates some caution about near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100