Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a report released on Wednesday, Benzinga reports. They currently have a $40.00 price objective on the stock. DA Davidson’s price target indicates a potential upside of 67.11% from the stock’s current price.
Several other analysts have also recently issued reports on BRZE. Canaccord Genuity Group boosted their price objective on shares of Braze from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen boosted their price target on Braze from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. dropped their price target on Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday. Mizuho set a $52.00 target price on Braze in a report on Wednesday. Finally, Raymond James Financial raised their price target on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $38.00.
Get Our Latest Research Report on BRZE
Braze Stock Down 21.0%
Braze (NASDAQ:BRZE – Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Research analysts forecast that Braze will post -0.78 EPS for the current year.
Insider Transactions at Braze
In other news, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total transaction of $464,958.68. Following the sale, the insider directly owned 326,233 shares of the company’s stock, valued at approximately $9,646,709.81. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 203,568 shares of company stock valued at $6,096,461 over the last quarter. Company insiders own 12.50% of the company’s stock.
Institutional Investors Weigh In On Braze
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in shares of Braze during the first quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Braze in the second quarter worth about $36,000. Osaic Holdings Inc. raised its stake in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares in the last quarter. Finally, Quarry LP bought a new position in Braze during the third quarter worth $46,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Braze
Here are the key news stories impacting Braze this week:
- Positive Sentiment: Braze reported fiscal second-quarter EPS of $0.19, above the $0.16 analyst consensus, while revenue of $227.23 million exceeded expectations of $220.27 million. Revenue increased 26.2% year over year. Braze Reports Strong Fiscal Second Quarter 2027 Results
- Positive Sentiment: The company raised fiscal 2027 guidance to $910 million-$913 million in revenue and $0.64-$0.65 in EPS, above consensus estimates of $898.4 million and $0.35, respectively. Management cited continued AI product adoption, enterprise expansion, improving operating leverage and record second-quarter free cash flow.
- Positive Sentiment: Several analysts remain bullish: Stephens raised its price target to $34, Piper Sandler increased its target to $30, and Citizens JMP and BTIG Research maintained positive ratings with targets of $35. JPMorgan retained an overweight rating despite trimming its target to $34. These targets imply substantial potential upside from recent trading levels.
- Neutral Sentiment: Analyst commentary described Braze as a relatively attractively valued growth software company, with forward enterprise-value-to-revenue multiples below those of comparable SaaS businesses. However, the investment case remains dependent on sustaining high growth while improving profitability.
- Negative Sentiment: The immediate selloff reflects concerns about third-quarter profit growth and the company’s outlook relative to elevated investor expectations. Although Braze’s third-quarter EPS guidance of $0.13-$0.14 and revenue guidance of $229 million-$230 million are above consensus, investors viewed the profit trajectory as insufficiently strong. Braze Stock Plummets After Disappointing Profit Outlook
Braze Company Profile
Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.
The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.
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