capital · May 16, 2026
Stifel Lowers Braze Price Target to $30 from $35 While Maintaining Buy Rating
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Stifel lowered its price target on Braze Inc. (NASDAQ: BRZE) to $30 from $35 on May 15, 2026 while keeping a Buy rating amid broader software sector pressure. Braze stock declined 42% year-to-date and 46% over the last twelve months. The company reported 24% revenue growth in the last twelve months reaching $738 million and expects 20% revenue growth for fiscal 2027. Braze accelerated top-line growth for three consecutive quarters with fourth fiscal quarter international revenue growth at 26% year-over-year and U.S. revenue at 23% year-over-year. Raymond James raised its price target to $27 while maintaining Outperform and D.A. Davidson reiterated Buy with $33 target.