Braze (NASDAQ:BRZE) Earns Overweight Rating from Cantor Fitzgerald

Braze (NASDAQ:BRZE)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $38.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 51.21% from the stock’s current price.

Other equities analysts have also issued research reports about the company. BTIG Research reissued a “buy” rating and issued a $35.00 price objective on shares of Braze in a research note on Wednesday, September 9th. Oppenheimer boosted their price objective on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Mizuho set a $52.00 price objective on Braze in a research note on Wednesday, September 9th. Barclays boosted their price objective on Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Canaccord Genuity Group upped their price target on Braze from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Braze has an average rating of “Moderate Buy” and an average target price of $38.21.

Braze Price Performance

Shares of NASDAQ:BRZE traded up $1.98 on Wednesday, hitting $25.13. The stock had a trading volume of 2,327,588 shares, compared to its average volume of 2,919,964. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50 day moving average price is $27.45 and its 200-day moving average price is $24.17. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -24.40 and a beta of 0.88.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The company had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, equities research analysts predict that Braze will post -0.7 earnings per share for the current year.

Insider Activity

In related news, CTO Jonathan Hyman sold 42,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the sale, the insider owned 278,138 shares of the company’s stock, valued at $7,690,515.70. This represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 over the last 90 days. 12.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC bought a new stake in Braze in the second quarter valued at about $671,000. Integrated Wealth Concepts LLC bought a new stake in Braze in the second quarter valued at about $50,000. Squarepoint Ops LLC increased its holdings in Braze by 13.3% in the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after purchasing an additional 46,049 shares during the last quarter. Corient Private Wealth LP increased its holdings in Braze by 5.5% in the second quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock valued at $2,232,000 after purchasing an additional 5,360 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in Braze in the second quarter valued at about $325,000. Institutional investors own 90.47% of the company’s stock.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Analyst reiterates bullish outlook: Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $38 price target, implying substantial potential upside from recent trading levels. The endorsement adds support to the view that Braze’s growth and AI strategy are undervalued.
• Positive Sentiment: AWS partnership expands AI opportunity: Braze signed a strategic collaboration agreement with Amazon Web Services to help brands deliver more personalized customer experiences at scale. Deeper integration with AWS could improve Braze’s technology capabilities, enterprise reach and competitive position. Braze Signs Strategic Collaboration Agreement with AWS
• Positive Sentiment: Broader AI product launch: At its Forge customer conference, Braze unveiled BrazeAI Decisioning Studio Go, agentic standards, BrazeAI Operator Connect and conversational agents. The releases are intended to automate marketing decisions and improve customer engagement, potentially creating additional product adoption and revenue opportunities. Braze unveils new AI products
• Positive Sentiment: Included among potential AI winners: Oppenheimer identified Braze as one of three software stocks positioned to benefit from renewed investor interest in AI-enabled software. Software stocks viewed as AI winners

About Braze

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its platform enables organizations to collect and analyze customer data, create audience segments, and coordinate marketing campaigns across multiple digital channels.

The Braze platform supports messaging through mobile and web push notifications, in-app messages, email, SMS, and other communication channels. It also provides tools for campaign orchestration, automation, experimentation, analytics, and artificial intelligence to help brands deliver more relevant and timely customer experiences.

Founded in 2011 as Appboy, the company later adopted the Braze name as it expanded its customer engagement offerings.