0812 ET - Braze's latest results didn't appear to show evidence of deterioration despite concerns over the health of the consumer, nor did it flag a material change in the demand environment, say UBS' Taylor McGinnis and Jeff Hickey in a research note. The customer-engagement platform logged higher revenue in F4Q, while its guidance for FY26 met expectations, the analysts say. They think that while Braze isn't commenting on the timing of a bottom, it could happen as early as 1Q. "We continue to like the set-up for Braze given company-specific tailwinds related to improving execution, lapping of tough Covid renewals and the incumbent placement opportunity," say the analysts. Braze jumps 12% premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 28, 2025 08:12 ET (12:12 GMT)
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