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Stock impact report

Replacement Cycle Trends and Evolving Fundamentals Offer Support to Braze (BRZE) [Yahoo! Finance]

Braze, Inc. (BRZE) 
Company Research Source: Yahoo! Finance
On March 12, J.P. Morgan reduced its price target for Braze Inc. (NASDAQ:BRZE) from $45 to $32. The firm reiterated an Overweight rating on the stock, which currently yields an adjusted upside potential of more than 66%. VGstockstudio/Shutterstock.com The downward revision in the target price is based on the potential risk of AI-led disruptions across the segment. The firm still fancies Braze Inc. (NASDAQ:BRZE), given some favorable industry trends in terms of the replacement cycle. Moreover, given the stock's current valuation range, the firm sees potential for further growth. Back on February 9, Stifel also reduced the firm's price target on Braze Inc. (NASDAQ:BRZE) from $45 to $40, resulting in an adjusted upside of almost 108% despite the revision. The firm maintained its Buy rating on the shares. Stifel noted that recent AI-related announcements have caused a negative sentiment towards Braze Inc. (NASDAQ:BRZE). But it believes that the company still remains a strong long Show less Read more
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