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Cloud Stock Climbs on Upbeat Q4 Results
BRZEBraze(BRZE) Schaeffers Investment Research·2025-03-28 15:35

Cloud stock Braze Inc (NASDAQ:BRZE) is defying the broad market selloff today, up 10.7% at 40.64atlastglance,afterthecompanybeattop−andbottom−lineestimateinthefourthquarterandissuedanupbeatfull−yearearningsforecast.Citigrouptrimmeditspricetargetby40.64 at last glance, after the company beat top- and bottom-line estimate in the fourth quarter and issued an upbeat full-year earnings forecast. Citigroup trimmed its price target by 1 to 50,citinga"conservativegrowthoutlook,"thoughseveralotheranalystschimedinwithprice−targethikes,includingWellsFargoto50, citing a "conservative growth outlook," though several other analysts chimed in with price-target hikes, including Wells Fargo to 55 from $50. Today's pop has Braze stock shooting past its 40-day moving average, which rejec ...