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Why Braze Stock Jumped Today

The Motley Fool·
Why Braze Stock Jumped Today

Braze stock surged 7.4% on Friday following a 'Buy' rating from Goldman Sachs with a $34 price target (77% upside). The customer-engagement software company posted 30% year-over-year revenue growth and record free cash flow in its latest quarter. However, the company remains unprofitable, losing nearly $27 million last quarter. The stock has recovered from a 40% decline over six months as market fears about AI replacing software solutions ease.

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