Piper Sandler Lowers Braze Price Target To $30

On February 3, Piper Sandler lowered its price target on Braze, Inc. to $30 from $50 while maintaining an Overweight rating, attributing the move to a broader platforms-and-applications reset. Braze reported Q3 fiscal 2026 revenue of $191 million, up 25.5% year-over-year, and added 106 net customers in the quarter (317 over the past year). The results show continued demand despite sector valuation caution.
Scoring Rationale
Official earnings and analyst action drive relevance, but limited novelty and single-company scope constrain impact.
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