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.
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