Braze price target raised to $42 from $40 at DA Davidson

Core Viewpoint - DA Davidson raised the price target on Braze (BRZE) to $42 from $40 while maintaining a Buy rating on the shares, indicating positive sentiment towards the company's performance and future prospects [1] Financial Performance - Braze reported a strong topline beat in Q3, exceeding expectations for operating margins, which reflects effective cost management and revenue generation strategies [1] - The company achieved the strongest quarter of sequential customer additions since Q3 of FY23, highlighting robust growth in its customer base [1] Market Demand - Braze emphasized strong pipeline generation and increasing demand for Braze AI, suggesting a positive trend in market interest and potential for future revenue growth [1]