JPMorgan Chase & Co. Cuts Braze (NASDAQ:BRZE) Price Target to $34.00

Braze (NASDAQ:BRZE) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $35.00 to $34.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 40.58% from the company’s previous close.

A number of other brokerages have also weighed in on BRZE. BTIG Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Braze in a research note on Wednesday. Raymond James Financial raised their price objective on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating on shares of Braze in a research report on Wednesday. Stifel Nicolaus set a $35.00 price target on Braze in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Braze Price Performance

Shares of NASDAQ BRZE traded down $6.12 during midday trading on Wednesday, hitting $24.18. 7,317,521 shares of the company’s stock were exchanged, compared to its average volume of 2,968,604. The stock’s 50 day moving average price is $27.57 and its 200-day moving average price is $23.54. The firm has a market cap of $2.72 billion, a P/E ratio of -21.54 and a beta of 0.88. Braze has a twelve month low of $15.26 and a twelve month high of $37.33.

Braze (NASDAQ:BRZE) last posted its 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 firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, analysts expect that Braze will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the transaction, the insider directly owned 278,138 shares in the company, valued at approximately $7,690,515.70. This represents a 10.79% decrease in their position. 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 have sold a total of 203,568 shares of company stock valued at $6,096,461 in the last 90 days. 12.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Braze by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock valued at $1,415,000 after acquiring an additional 1,700 shares during the period. Intech Investment Management LLC increased its stake in shares of Braze by 18.8% in the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after purchasing an additional 6,379 shares during the period. Prudential Financial Inc. acquired a new position in shares of Braze during the 2nd quarter worth about $272,000. Russell Investments Group Ltd. boosted its stake in Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock valued at $270,000 after purchasing an additional 8,957 shares during the period. Finally, Amundi boosted its stake in Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after purchasing an additional 2,657 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Trending Headlines about Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported second-quarter revenue of $227.2 million, up 26.2% year over year, and adjusted earnings of $0.19 per share, exceeding estimates of $220.3 million and $0.16, respectively. Management cited continued AI-product adoption, enterprise expansion, improving operating leverage and record second-quarter free cash flow. 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. Analysts responded with higher price targets: Stephens raised its target to $34, Piper Sandler to $30, and BTIG Research and Citizens JMP maintained bullish ratings with $35 targets.
• Positive Sentiment: Some analysts view the selloff as a valuation opportunity, noting that Braze trades at a discount to similarly growing software companies while maintaining roughly 23%-24% projected revenue growth. Braze: Growth At A Very Reasonable Price
• Neutral Sentiment: Third-quarter revenue guidance of $229 million-$230 million and EPS guidance of $0.13-$0.14 were both above published consensus estimates. However, the outlook appears less compelling than investors had anticipated, particularly regarding the pace of profit growth.
• Negative Sentiment: The immediate catalyst for the decline was disappointment with the third-quarter profitability outlook. Investors looked past the earnings beat and raised full-year forecast because the guidance suggested moderating earnings momentum and failed to meet elevated expectations. Braze Stock Plummets After Disappointing Profit Outlook

About Braze

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.