Braze (NASDAQ:BRZE) Price Target Raised to $36.00

Braze (NASDAQ:BRZE) had its price target increased by Oppenheimer from $30.00 to $36.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the company a “buy” rating in a report on Wednesday, June 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of Braze in a research note on Thursday, May 28th. Canaccord Genuity Group reduced their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 28th. UBS Group restated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Braze has an average rating of “Moderate Buy” and a consensus price target of $35.76.

Braze Stock Performance

BRZE stock opened at $34.53 on Thursday. Braze has a one year low of $15.26 and a one year high of $37.33. The stock has a market capitalization of $3.89 billion, a PE ratio of -30.83 and a beta of 0.83. The company has a fifty day moving average of $25.85 and a 200-day moving average of $22.77.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Equities analysts forecast that Braze will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Braze

In related news, insider Astha Malik sold 33,656 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the sale, the insider owned 278,138 shares in the company, valued at $7,690,515.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the transaction, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. The trade was a 3.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 203,568 shares of company stock valued at $6,096,461. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

A number of institutional investors have recently bought and sold shares of BRZE. California State Teachers Retirement System boosted its position in shares of Braze by 1,832.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,019,361 shares of the company’s stock worth $43,800,000 after buying an additional 1,914,845 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock worth $72,181,000 after acquiring an additional 1,801,019 shares during the last quarter. UBS Group AG raised its position in Braze by 421.1% during the third quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock worth $36,394,000 after acquiring an additional 1,034,087 shares during the last quarter. Battery Management CORP. lifted its holdings in shares of Braze by 70.2% in the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Braze by 238.2% in the third quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock valued at $38,429,000 after purchasing an additional 951,674 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Braze News

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Oppenheimer raised its price target to $36 from $30 and maintained an “outperform” rating, citing improving AI momentum. The new target implies additional upside from recent trading levels. Oppenheimer raises Braze price target
• Positive Sentiment: Recent earnings momentum remains supportive. Braze reported quarterly revenue of $211 million, above the $205.2 million consensus estimate, with revenue up 30.2% year over year. Coverage also highlighted a quarterly earnings beat and raised guidance, reinforcing the growth narrative. Braze earnings beat and raised guidance
• Positive Sentiment: Analyst sentiment is broadly favorable. Braze has attracted positive coverage focused on its AI opportunity, and the stock’s consensus rating is “Moderate Buy,” with an average price target near $35.06. Braze AI momentum builds
• Neutral Sentiment: Analysts have differing views on Braze’s longer-term outlook, particularly regarding growth expectations in the second half of fiscal 2027. This could limit enthusiasm despite the favorable near-term AI narrative. Analysts have conflicting sentiments on Braze
• Negative Sentiment: CTO Jonathan Hyman sold 42,000 shares for approximately $1.36 million on August 27, following a 10,000-share sale earlier in the week and several other August sales. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their signaling value, but the repeated selling may still weigh on sentiment. Braze CTO insider sale filing

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.