Stock Track | Braze Stock Plummets 5.13% Intraday as Analysts Slash Price Targets Ahead of Q4 Earnings
Stock Track
Mar 24
Braze, Inc. (BRZE) shares plummeted 5.13% during intraday trading on Tuesday, marking a significant decline for the customer engagement platform provider.
The sharp drop comes as the company is scheduled to release its fourth-quarter financial results after the market closes. Ahead of the print, several Wall Street analysts have recently cut their price targets for the stock, potentially fueling investor caution and selling pressure.
TD Cowen, DA Davidson, and BTIG all maintained Buy ratings on Braze but significantly reduced their price objectives, with BTIG making the most aggressive cut from $45 to $25. Analysts expect the company to report earnings of 14 cents per share on revenue of $198.22 million for the quarter.
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