Analysts Set Braze, Inc. (NASDAQ:BRZE) PT at $34.76

Shares of Braze, Inc. (NASDAQ:BRZE) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.7647.

A number of equities research analysts have weighed in on BRZE shares. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Braze in a report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating and issued a $27.00 price objective on shares of Braze in a research note on Thursday, May 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Thursday, May 28th. UBS Group restated an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Braze in a research note on Tuesday, May 26th.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of Braze during the 4th quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in shares of Braze in the first quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its position in Braze by 3,650.0% in the fourth 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 during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Braze during the 2nd quarter valued at about $36,000. Finally, Osaic Holdings Inc. raised its stake in shares of 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 purchasing an additional 1,404 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Trading Down 5.7%

Braze stock opened at $21.22 on Friday. The stock has a 50 day moving average of $23.10 and a two-hundred day moving average of $22.16. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -18.95 and a beta of 0.85.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts predict that Braze will post -0.78 earnings per share for the current year.

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.