Braze (NASDAQ: BRZE) saw its shares rise over 2% on a day when the S&P 500 dipped 0.1%. Analyst Parker Lane reiterated a buy recommendation and $40 price target on Braze’s stock, citing the company’s strong performance in the second quarter of fiscal 2026. Revenue increased by 24% to $180 million, and non-GAAP adjusted bottom line grew by 85% to nearly $17 million, surpassing analyst estimates. Lane believes Braze’s stock is undervalued and has a vast opportunity to sell its AI-enhanced customer engagement platform. Of the 21 analysts tracking the stock, 20 have buy recommendations on Braze.

Read more at NASDAQ.: Why Braze Stock Beat the Market Today