TD Cowen downgrades Braze to Hold and sets $47.50 price target
TD Cowen downgraded Braze to Hold with a $47.50 price target, citing uncertainty over CRM's proposed acquisition and competitive overlap with Salesforce.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to TradingView, TD Cowen cut its rating on Braze shares to Hold and set a price target of $47.50. The target implies a gain of about 4.2% from the October 20 close of $45.57.
The analysts link the decision to CRM's proposed acquisition of Braze. The deal could face antitrust scrutiny, which may lead to cancellation or delays. The bank also flags that Braze's products partly overlap with Salesforce Marketing Cloud, which it sees as a risk of pricing pressure and weaker profitability.
Dow Jones Newswires reports a price target increase from $36.00 to $47.50. The sources differ on the nature of the analyst action. According to TradingView, recent price targets from other firms range from $35 to $38.
why it matters
The story matters beyond one stock. Uncertainty over the CRM deal affects how Braze is valued, and competition with Salesforce could limit growth. A single analyst rating change is routine, but the overlap with a large player makes it a useful signal for the customer-engagement software segment.
tags
instruments
sources
- TD Cowen downgrades Braze to Hold, sets price target to $47.50 — TradingView, 21 October 2026 at 14:17 UTC
- Braze Price Target Raised to $47.50/Share From $36.00 by TD Cowen — Dow Jones Newswires, 21 October 2026 at 14:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗