Why Braze Stock Jumped Today
Braze (NASDAQ: BRZE) shares jumped on Friday, finishing the day up 7.4%. The S 500 and the Nasdaq Composite finished down 0.7% and 0.5%, respectively.
The customer-engagement software company's stock is getting a lift from two main catalysts: a "Buy" rating from Goldman Sachs and a broader rebound in software stocks.
On June 24, Goldman Sachs analyst Callie Valenti assumed coverage of Braze with a Buy rating and a $34 price target -- roughly 77% above where the stock had been trading.
Source Fool.com
