Braze, Inc. (NASDAQ:BRZE) Receives $34.76 Average Target Price from Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.7647.

A number of analysts have recently commented on BRZE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Citizens Jmp reiterated a “market outperform” rating and set a $35.00 price objective on shares of Braze in a research note on Thursday, May 28th. Mizuho dropped their target price on Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating and issued a $27.00 target price on shares of Braze in a research note on Thursday, May 28th.

Braze Price Performance

Shares of NASDAQ BRZE opened at $24.28 on Friday. Braze has a 1 year low of $15.26 and a 1 year high of $37.33. The firm has a 50-day moving average of $23.01 and a 200 day moving average of $22.32. The stock has a market cap of $2.73 billion, a P/E ratio of -21.68 and a beta of 0.85.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Research analysts expect that Braze will post -0.78 earnings per share for the current fiscal year.

Institutional Trading of Braze

Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after purchasing an additional 552 shares during the period. Arizona State Retirement System grew its position in Braze by 3.2% in the 4th 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 period. Envestnet Asset Management Inc. grew its position in Braze by 7.2% in the 3rd 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 period. NBC Securities Inc. bought a new stake in Braze in the 4th quarter worth approximately $27,000. Finally, Caitong International Asset Management Co. Ltd raised its stake 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 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.