This AI marketing stock is a top gainer today. Goldman says there’s much more to go
Artificial intelligence marketing firm Braze emerged as a top performer Wednesday, and Goldman Sachs thinks there’s even more room to run. The bank lowered it price target on the stock to $40 from $45. However, that still implies 122% upside from Tuesday’s close. It also maintained its buy rating on the stock. “We continue to view Braze as one of our top picks and believe they can sustain accelerated share gains as incumbent providers are burdened by legacy architectures and face challenges delivering on AI promises,” analyst Gabriela Borges said Tuesday in a note to clients. Braze surged 19% on Wednesday after it posted fourth-quarter results. Revenue of $205.2 million topped a FactSet consensus of $198.2 million. The company also said it expects to post revenue in the range of $884 million to $889 million through January 2027 versus the $858.2 million expected by analysts polled by FactSet. BRZE 1D mountain Shares of Braze surged early Wednesday. “We believe this quarter signifies that we are out of a multi year stretch of challenged renewal cohorts due to overbuying in 2020-2022 and demonstrates the ROI from product investments that Braze has made over the past few years,” Borges said. Analysts in general are bullish on Braze. All 21 who cover the stock rate it a buy or strong buy, according to LSEG.