Braze Stock Outperforms Market Amid Analyst Optimism
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BTCCSquare news:
Braze (BRZE) shares climbed over 2% on Wednesday, defying a slight dip in the S&P 500 (^GSPC). The rally followed a bullish analyst note from Stifel's Parker Lane, who reaffirmed a $40 price target and buy rating. Lane cited Braze's strong fiscal Q2 2026 results, where revenue grew 24% YoY to $180 million and non-GAAP profits surged 85%.
The customer engagement platform provider is seen as undervalued despite recent gains, with analysts highlighting its untapped potential in AI-driven solutions. Braze's earnings beat and expanding margins suggest accelerating demand for its technology stack in competitive CRM markets.
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