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Braze gains after report speculates it could be potential takeover target

seekingalpha
2024-11-21

honglouwawa/E+ via Getty Images

Braze Inc. (NASDAQ:BRZE) rose 6% after a report speculated that the marketing software firm could be a possible acquisition target.

With Braze (BRZE) shares down ~30% this year, it could be become a target, according to a report from The Information on Thursday, which cited analysts, investors and marketing tech consultants.

The report suggests Salesforce (CRM) and Adobe (ADBE) would be logical suitors.

Braze (BRZE) has a market cap of $3.7 billion and short interest of 4.9%.

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