Braze (NASDAQ:BRZE) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Braze (NASDAQ:BRZE) in a research report released on Thursday morning, MarketBeat.com reports. They currently have a $33.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Mizuho lowered their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus set a $30.00 target price on shares of Braze in a report on Thursday. BTIG Research reiterated a “buy” rating and set a $30.00 price target on shares of Braze in a research report on Tuesday. Finally, Canaccord Genuity Group cut their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.05.

Braze Trading Down 5.0%

NASDAQ:BRZE opened at $23.36 on Thursday. The firm has a 50 day moving average of $22.11 and a 200-day moving average of $24.50. Braze has a 1 year low of $15.26 and a 1 year high of $37.67. The stock has a market capitalization of $2.65 billion, a P/E ratio of -20.86 and a beta of 0.78.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.33% and a negative net margin of 15.51%.The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, analysts forecast that Braze will post -0.87 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Susan Wiseman sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently bought and sold shares of BRZE. NBC Securities Inc. bought a new position in shares of Braze during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its position in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Braze in the 1st quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new position in Braze during the fourth quarter valued at $52,000. Finally, Osaic Holdings Inc. lifted its position in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the period. Hedge funds and other institutional investors 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 quarterly revenue of $211.0 million, up about 30% year over year, and raised fiscal 2027 revenue guidance to $895 million-$899 million, signaling continued demand and strong top-line momentum.
• Positive Sentiment: Several analysts reaffirmed bullish views after the results, including Citizens JMP with a $35 target, DA Davidson with a $33 target, Cantor Fitzgerald with a $38 target, and Piper Sandler with a $27 target.
• Neutral Sentiment: The company met EPS expectations at $0.10 per share and guided Q2 revenue above Wall Street estimates, suggesting the business is still growing in line with expectations.
• Negative Sentiment: Non-GAAP operating margin was about 5.0% for the quarter, which some analysts viewed as slightly below consensus, raising concerns that profitability is not improving as quickly as revenue.
• Negative Sentiment: Braze’s announced CFO departure effective May 29 may have increased investor caution, especially right after earnings when the market is already re-evaluating the company’s near-term 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.