Braze (NASDAQ:BRZE) Price Target Cut to $48.00 by Analysts at Citigroup

Braze (NASDAQ:BRZE) had its price target decreased by Citigroup from $49.00 to $48.00 in a research report released on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Barclays boosted their target price on shares of Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Stifel Nicolaus set a $30.00 price objective on shares of Braze in a research report on Thursday. Mizuho decreased their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective on shares of Braze in a research report on Thursday. Finally, Canaccord Genuity Group decreased their price objective 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average target price of $36.14.

Braze Price Performance

Shares of Braze stock opened at $25.63 on Friday. The firm’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $24.51. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -22.88 and a beta of 0.78. Braze has a 12 month low of $15.26 and a 12 month high of $37.67.

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

Insider Activity at Braze

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

Institutional Investors Weigh In On Braze

Hedge funds and other institutional investors have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in Braze during the 4th quarter worth about $27,000. Fifth Third Bancorp acquired a new stake in Braze during the 1st quarter worth about $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 worth $28,000 after acquiring an additional 803 shares during the period. Osaic Holdings Inc. boosted its position in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares during the period. Finally, Quarry LP acquired a new stake in Braze during the 3rd quarter worth about $46,000. 90.47% of the stock is currently owned by institutional investors.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Citigroup lowered its price target slightly to $48 from $49 but kept a Buy rating, implying significant upside from current levels. Citigroup lowers Braze price target but keeps Buy rating
• Positive Sentiment: Citizens JMP reiterated Market Outperform with a $35 target, while DA Davidson kept a Buy rating at $33 and Cantor Fitzgerald reaffirmed Overweight at $38. Multiple analyst upgrades/reaffirmations often support the stock. Analyst reaffirmations and price targets for Braze
• Positive Sentiment: Braze raised fiscal 2027 guidance, with EPS now expected at $0.610-$0.650 and revenue at $895 million-$899 million, both above or near consensus. That suggests management is still seeing solid demand momentum. Braze raises FY 2027 outlook
• Neutral Sentiment: Several writeups focused on Braze’s Q1 results, highlighting strong revenue growth and AI adoption, but also noting mixed margins and recent post-earnings volatility. Braze Q1 2027 earnings call highlights
• Negative Sentiment: Investors remain cautious about profitability after the latest quarter, since margins were viewed as mixed even though revenue topped estimates and guidance improved. Braze shares slide as investors weigh mixed margins
• Negative Sentiment: The CFO transition and a new disclosure about foreign-exchange risk could add near-term uncertainty around execution and margins, especially as Braze expands globally. Braze currency risk disclosure

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.