Oppenheimer Maintains Outperform on Braze, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Braze (NASDAQ:BRZE) but lowers the price target from $60 to $51.
September 24, 2024 | 12:41 pm
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Oppenheimer's analyst Brian Schwartz continues to rate Braze as Outperform, indicating confidence in the company's performance. However, the price target is reduced from $60 to $51, suggesting a more conservative outlook on its stock price.
The Outperform rating suggests continued confidence in Braze's performance, but the lowered price target indicates a more cautious approach to its valuation. This mixed signal may lead to neutral short-term price movement as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100