Braze, Inc. (NASDAQ:BRZE) saw its price target lowered by Piper Sandler to $30 from $50, citing concerns over software valuation expansion. Despite this, the company reported strong Q3 fiscal 2026 results with revenue of $191 million, 25.5% year-over-year growth, and 106 net new customers added.

Founded in 2011 and based in New York City, Braze, Inc. (NASDAQ:BRZE) offers a cloud-based customer engagement platform for personalized marketing campaigns. Despite cautious valuation sentiment towards software, the company’s consistent revenue growth and customer acquisition trends show promise in the customer engagement and marketing landscape.

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Read more at Yahoo Finance: Piper Sandler Maintains Overweight on Braze, Inc. (BRZE) Despite Target Cut Amid Broader Software Multiple Reset