Braze, Inc. (NASDAQ:BRZE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Braze, Inc. (NASDAQ:BRZE) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.7647.

A number of brokerages have recently commented on BRZE. Citizens Jmp reiterated a “market outperform” rating and issued a $35.00 target price on shares of Braze in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Mizuho dropped their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Braze in a report on Monday, June 15th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of Braze in a research note on Thursday, May 28th.

Braze Stock Performance

NASDAQ:BRZE opened at $26.50 on Friday. The stock has a market capitalization of $2.98 billion, a PE ratio of -23.66 and a beta of 0.85. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The company has a fifty day moving average of $22.80 and a two-hundred day moving average of $22.55.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts forecast that Braze will post -0.76 earnings per share for the current year.

Hedge Funds Weigh In On Braze

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after acquiring an additional 552 shares during the last quarter. Arizona State Retirement System increased its position in Braze by 3.2% during the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock worth $769,000 after purchasing an additional 688 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Braze by 7.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after purchasing an additional 746 shares during the last quarter. NBC Securities Inc. purchased a new position in Braze during the fourth quarter worth about $27,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.