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Stephens Downgrades Braze to Equal Weight, Price Target $47.50
Stephens downgraded Braze (BRZE) to Equal Weight from Overweight with a price target of $47.50, up from $34, after Salesforce (CRM) announced it will buy the company for $47.50 per share in cash. The firm thinks a competing bid is unlikely, the analyst tells investors.
Raymond James Downgrades Braze to Market Perform
Raymond James downgraded Braze (BRZE) to Market Perform from Outperform without a price target after Salesforce (CRM) agreed to acquire the company for $47.50 per share in cash. Salesforce's acquisition of Braze offers strategic benefits through Marketing Cloud stabilization and cross-selling synergies, making a higher competing bid less likely, the analyst tells investors in a research note.
TD Cowen Downgrades Braze to Hold with $47.50 Price Target
TD Cowen downgraded Braze (BRZE) to Hold from Buy with a $47.50 price target after the company agreed to be acquired by Salesforce (CRM) for $47.50 per share.
BTIG Downgrades Braze to Neutral After Salesforce Acquisition
BTIG downgraded Braze (BRZE) to Neutral from Buy without a price target after the company agreed to be acquired by Salesforce (CRM) for $47.50 per share.
Citi Downgrades Braze to Neutral with $47.50 Price Target
Citi downgraded Braze (BRZE) to Neutral from Buy with a $47.50 price target after the company agreed to be acquired by Salesforce (CRM) for $47.50 per share in cash.
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