Salesforce Holds Steady as Braze Rises on Analyst Ratings
Analysts from D.A. Davidson and TD Cowen have weighed in on Salesforce (CRM) and Braze (BRZE). Gil Luria from D.A. Davidson maintained a Hold rating on Salesforce with a price target of $200.00, citing the company's current share price of $205.62.
Salesforce has an analyst consensus of Moderate Buy, with a price target consensus of $239.70, a 19.9% upside from current levels. In contrast, UBS maintained a Hold rating on the stock with a $210.00 price target.
On the other hand, TD Cowen analyst Derrick Wood reiterated a Buy rating on Braze yesterday and set a price target of $36.00, with the company's shares closing last Wednesday at $30.81. Braze has an analyst consensus of Strong Buy, with a price target consensus of $36.14, a 20.7% upside from current levels.
It's worth noting that Luria is a 5-star analyst with an average return of 10.4% and a 52.7% success rate, covering the Technology sector, while Wood has a more mixed record as a 1-star analyst with an average return of 0.0% and a 46.7% success rate.