Stifel Reduced PT on Braze, Inc. (BRZE) Stock, Keeps Buy

Group 1 - Braze, Inc. (NASDAQ:BRZE) is recognized as one of the 14 best cloud computing stocks to buy currently [1] - Stifel has reduced its price target for Braze's stock from $45 to $40 while maintaining a "Buy" rating, citing negative sentiment due to recent AI announcements [2] - Piper Sandler has also lowered its price target for Braze from $50 to $30, keeping an "Overweight" rating, indicating expected pessimism in the software sector [3] Group 2 - Braze operates a customer engagement platform, with its Braze Cloud Data Ingestion (CDI) enabling brands to utilize customer data effectively [4] - Despite the potential of Braze as an investment, there are concerns that other AI stocks may offer greater upside with less downside risk [4]