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UBS has reiterated its Buy rating on Braze Inc, maintaining a price target of $51, following the company's strong fourth-quarter performance, which included a 22% year-over-year revenue increase and the addition of 85 new clients. Analysts from Stifel and Oppenheimer also expressed optimism, with Stifel raising its target to $50 and Oppenheimer aligning with UBS at $51. Braze's strategic acquisition of AI platform OfferFit for $325 million is expected to enhance its product offerings and competitive position, despite some concerns regarding financial synergies.
UBS has reiterated its Buy rating for Braze Inc, maintaining a price target of $51 following the company's strong fourth quarter results, which included a 22% year-over-year revenue increase and a robust net customer retention rate of 109%. Analysts from various firms, including Stifel and Oppenheimer, have also expressed optimism, with Stifel raising its price target to $50. Braze's recent acquisition of AI platform OfferFit for $325 million is expected to enhance its product offerings and competitive edge, despite some concerns regarding financial synergies.
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ubs maintains buy rating on braze with strong growth outlook and acquisition plans
15:13 28.03.2025
ubs maintains buy rating for braze with price target of 51 dollars
14:44 28.03.2025
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