Citigroup: Braze (BRZE.US) revised its financial performance guidance for the new fiscal year to be conservative and lowered the target price to $50.
28/03/2025
GMT Eight
Citigroup analyst Tyler Radke lowered his target price for Braze (BRZE.US) from $51 to $50, while maintaining a "buy" rating. The company stated that despite the record order volume announced by Braze, which may indicate a strong finish to the 2025 fiscal year, the initial growth guidance for the 2026 fiscal year "will likely be conservative, close to consensus expectations." The analyst told investors in a research report that this is due to the volatile macro environment and some changes in the sales leadership. However, Citigroup believes that Braze can accelerate growth again in the second half of this year.