Brokerages Set Braze, Inc. (NASDAQ:BRZE) Target Price at $36.14

Shares of Braze, Inc. (NASDAQ:BRZE) have received a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and nineteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.00.

Several analysts recently issued reports on BRZE shares. Oppenheimer reduced their price target on shares of Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group reduced their price target on shares of Braze from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of Braze in a research report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Braze in a research report on Wednesday, March 25th. Finally, Canaccord Genuity Group cut their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th.

Insiders Place Their Bets

In other news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel owned 209,424 shares of the company’s stock, valued at approximately $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several large investors have recently modified their holdings of BRZE. Alyeska Investment Group L.P. raised its stake in shares of Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after acquiring an additional 1,801,019 shares during the last quarter. Barclays PLC raised its stake in shares of Braze by 443.0% during the third quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock valued at $39,941,000 after acquiring an additional 1,145,748 shares during the last quarter. UBS Group AG raised its stake in shares of Braze by 421.1% during the third quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after acquiring an additional 1,034,087 shares during the last quarter. Battery Management CORP. raised its stake in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after buying an additional 1,000,000 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Braze by 238.2% during the third quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock worth $38,429,000 after buying an additional 951,674 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Trading Down 1.0%

Shares of BRZE opened at $22.91 on Friday. Braze has a 12 month low of $15.26 and a 12 month high of $37.33. The firm’s 50 day moving average is $22.79 and its 200-day moving average is $24.38. The stock has a market capitalization of $2.58 billion, a PE ratio of -20.46 and a beta of 0.83.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $211.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities research analysts predict that Braze will post -0.84 earnings per share for the current fiscal year.

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.