Braze (NASDAQ:BRZE) Price Target Raised to $35.00 at JPMorgan Chase & Co.

Braze (NASDAQ:BRZE) had its target price hoisted by JPMorgan Chase & Co. from $33.00 to $35.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently weighed in on BRZE. BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Braze in a report on Tuesday, May 26th. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. Citizens Jmp reiterated a “market outperform” rating and set a $35.00 price target on shares of Braze in a research note on Thursday, May 28th. Piper Sandler reissued an “overweight” rating and set a $27.00 price objective on shares of Braze in a research report on Thursday, May 28th. Finally, UBS Group reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

Braze Stock Performance

BRZE opened at $24.93 on Monday. The business’s 50-day simple moving average is $22.29 and its 200-day simple moving average is $23.09. The company has a market cap of $2.81 billion, a P/E ratio of -22.29 and a beta of 0.85. Braze has a one year low of $15.26 and a one year high of $37.33.

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

Insider Transactions at Braze

In related news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel owned 209,424 shares in the company, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Large investors have recently modified their holdings of the business. NBC Securities Inc. purchased a new stake in shares of Braze in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its position in Braze by 3,650.0% in the fourth 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 in the last quarter. Fifth Third Bancorp acquired a new stake in Braze in the first quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new stake in Braze in the fourth quarter valued at $52,000. Finally, Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 1,404 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

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.