Braze price target raised to $33 from $30 at DA Davidson

DA Davidson raised the firm’s price target on Braze (BRZE) to $33 from $30 and keeps a Buy rating on the shares. The stock was up about 20% post-earnings, responding to strong Q4 results and an inaugural $100 million buyback program, the analyst tells investors in a research note. The company’s organic revenue growth also accelerated to 24% from 22%, driven by large deal velocity and continued displacement of legacy marketing cloud vendors, the firm added. Published first on TheFly – the ultimate source ...