Analysts Slash Braze Price Target to $30 from $50, $45 from $55
Piper Sandler cut Braze's price target to $30 from $50 and Goldman Sachs lowered its target to $45 from $55, with both firms retaining bullish ratings. Needham maintained its $50 price target and Buy rating as analysts warned seat-compression and coding trends could cap multiples while software sentiment remains cautious.
1. Price Target Revisions Across Firms
On February 2, Piper Sandler cut its price target on Braze Inc to $30 from $50 while maintaining an Overweight rating. Earlier, Goldman Sachs lowered its target to $45 from $55 and upheld its Buy rating, and Needham reaffirmed a $50 price target with a Buy view.
2. Analyst Rationale and Sector Outlook
Analysts cited seat-compression and coding trends as factors that could cap valuation multiples for customer engagement platforms, reflecting cautious software sentiment. They highlighted that hyperscaler, consumption and vertical sub-sectors are expected to offer stronger growth prospects compared with broader applications software.