Needham & Company LLC Reiterates “Buy” Rating for Braze (NASDAQ:BRZE)

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 43.80% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Wednesday, December 10th. Mizuho increased their price objective on shares of Braze from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Oppenheimer reissued an “outperform” rating and set a $40.00 target price on shares of Braze in a research note on Wednesday, December 10th. The Goldman Sachs Group set a $52.00 price target on shares of Braze and gave the company a “buy” rating in a research note on Saturday, September 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $46.95.

Braze Stock Performance

NASDAQ BRZE opened at $34.77 on Wednesday. Braze has a one year low of $23.91 and a one year high of $48.33. The company has a 50-day simple moving average of $30.33 and a 200-day simple moving average of $28.81. The firm has a market capitalization of $3.90 billion, a PE ratio of -31.61 and a beta of 1.10.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $190.84 million for the quarter, compared to analysts’ expectations of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. Braze’s revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the company posted $0.02 earnings per share. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. Equities analysts forecast that Braze will post -0.98 earnings per share for the current year.

Insider Transactions at Braze

In other Braze news, CTO Jonathan Hyman sold 9,789 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $260,778.96. Following the completion of the transaction, the chief technology officer directly owned 195,317 shares of the company’s stock, valued at approximately $5,203,244.88. This trade represents a 4.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Susan Wiseman sold 4,456 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $27.57, for a total value of $122,851.92. Following the completion of the sale, the general counsel directly owned 219,794 shares in the company, valued at $6,059,720.58. This represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,923 shares of company stock valued at $1,917,418 over the last three months. 18.20% of the stock is owned by company insiders.

Institutional Trading of Braze

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after acquiring an additional 595 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after purchasing an additional 870 shares during the period. Osaic Holdings Inc. increased its stake in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after purchasing an additional 1,404 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Braze by 58.2% during the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after buying an additional 620 shares during the period. Finally, Covestor Ltd lifted its stake in Braze by 35.7% during the third quarter. Covestor Ltd now owns 2,894 shares of the company’s stock valued at $82,000 after buying an additional 761 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.