Braze’s (BRZE) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Braze (NASDAQ:BRZE) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm currently has a $38.00 price objective on the stock.

Several other research firms have also commented on BRZE. Mizuho cut their price target on Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday. Oppenheimer cut their price target on Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Braze in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Canaccord Genuity Group cut their price target on Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $36.05.

Braze Price Performance

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

Braze (NASDAQ:BRZE) last posted its quarterly 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 company 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 17.33% and a negative net margin of 15.51%.Braze’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts expect that Braze will post -0.87 EPS for the current year.

Insider Transactions at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares of the company’s stock, valued at $4,249,212.96. The trade was a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the period. Champlain Investment Partners LLC grew its position in Braze by 10.8% during the third quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after acquiring an additional 261,351 shares during the period. JPMorgan Chase & Co. grew its position in Braze by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the period. Battery Management CORP. grew its position in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after acquiring an additional 1,000,000 shares during the period. Finally, Alliancebernstein L.P. grew its position in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after acquiring an additional 518,103 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.