Braze’s (BRZE) Overweight Rating Reaffirmed at Cantor Fitzgerald

Braze (NASDAQ:BRZE)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $38.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 51.52% from the company’s previous close.

BRZE has been the topic of several other research reports. UBS Group lifted their price target on Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Citizens Jmp reissued a “market outperform” rating and set a $35.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Oppenheimer raised their price objective on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, TD Cowen raised their price objective on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and an average target price of $38.21.

Braze Trading Up 8.3%

Shares of NASDAQ BRZE traded up $1.93 during trading on Wednesday, hitting $25.08. 1,563,836 shares of the company were exchanged, compared to its average volume of 2,917,729. Braze has a 12-month low of $15.26 and a 12-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 company has a fifty day moving average price of $27.45 and a 200-day moving average price of $24.17. The firm has a market capitalization of $2.85 billion, a PE ratio of -24.41 and a beta of 0.88.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The business had revenue of $227.23 million for the quarter, compared to analyst estimates of $220.27 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue 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. As a group, equities research analysts expect that Braze will post -0.7 EPS for the current year.

Insider Buying and Selling at Braze

In other Braze news, CRO Edward M. Mcdonnell sold 29,732 shares of Braze stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at $12,854,189.40. The trade was a 6.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Braze 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 transaction, the insider directly owned 278,138 shares of the company’s stock, valued at approximately $7,690,515.70. This represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock valued at $6,096,461 in the last three months. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several institutional investors have recently bought and sold shares of the company. Whetstone Capital Advisors LLC acquired a new position in Braze in the 2nd quarter valued at about $671,000. Integrated Wealth Concepts LLC acquired a new position in Braze in the 2nd quarter valued at about $50,000. Squarepoint Ops LLC grew its position in Braze by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after acquiring an additional 46,049 shares in the last quarter. Corient Private Wealth LP boosted its stake in shares of Braze by 5.5% in the 2nd quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock valued at $2,232,000 after buying an additional 5,360 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Braze in the 2nd quarter valued at about $325,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze News Roundup

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.