Braze (NASDAQ:BRZE) Given New $34.00 Price Target at Stephens

Key Points

• Stephens raised Braze’s price target to $34 from $31 and maintained an “overweight” rating, implying approximately 12% upside from the reported share price.
• Braze exceeded quarterly expectations with adjusted EPS of $0.19 versus $0.16 expected and revenue of $227.23 million, up 26.2% year over year. Management also issued fiscal 2027 guidance above analyst consensus.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $38.22, while institutional investors own approximately 90.5% of the company’s shares.

Braze (NASDAQ:BRZE - Get Free Report) had its target price upped by research analysts at Stephens from $31.00 to $34.00 in a report released on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Stephens' target price would suggest a potential upside of 12.17% from the company's current price.

Several other analysts have also commented on BRZE. DA Davidson increased their price target on shares of Braze from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Canaccord Genuity Group reduced their price objective on shares of Braze from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 28th. UBS Group set a $37.00 target price on shares of Braze in a research report on Wednesday. The Goldman Sachs Group set a $34.00 price target on shares of Braze and gave the stock a "buy" rating in a report on Wednesday, June 24th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $35.00 price objective on shares of Braze in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.22.

Braze Stock Down 5.2%

Shares of NASDAQ BRZE opened at $30.31 on Wednesday. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The firm has a market cap of $3.41 billion, a PE ratio of -27.06 and a beta of 0.88. The business has a fifty day simple moving average of $27.57 and a two-hundred day simple moving average of $23.54.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly 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. The firm had revenue of $227.23 million for the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business's revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. 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, research analysts expect that Braze will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Astha Malik sold 33,656 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the transaction, the insider owned 278,138 shares of the company's stock, valued at $7,690,515.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. The trade was a 3.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 203,568 shares of company stock valued at $6,096,461. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently modified their holdings of BRZE. California State Teachers Retirement System grew its holdings in Braze by 1,832.1% during the second quarter. California State Teachers Retirement System now owns 2,019,361 shares of the company's stock worth $43,800,000 after acquiring an additional 1,914,845 shares during the period. Alyeska Investment Group L.P. boosted its position in Braze by 592.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company's stock worth $72,181,000 after purchasing an additional 1,801,019 shares in the last quarter. UBS Group AG grew its stake in shares of Braze by 421.1% during the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company's stock worth $36,394,000 after purchasing an additional 1,034,087 shares during the period. Battery Management CORP. increased its holdings in shares of Braze by 70.2% during the 3rd 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 lifted its stake in shares of Braze by 238.2% in the 3rd 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 period. Institutional investors and hedge funds own 90.47% of the company's stock.

Braze News Summary

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Q2 results exceeded estimates: Braze reported adjusted earnings of $0.19 per share versus the $0.16 consensus, while revenue rose 26.2% year over year to $227.23 million, above expectations of $220.27 million. Braze Reports Strong Fiscal Second Quarter 2027 Results
• Positive Sentiment: Management raised its outlook: Fiscal 2027 EPS guidance was set at $0.64-$0.65, well above the $0.35 analyst consensus, while revenue guidance of $910 million-$913 million exceeded the $898.4 million consensus. Third-quarter EPS guidance of $0.13-$0.14 and revenue guidance of $229 million-$230 million also topped estimates. Braze Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Improving profitability trends: Braze highlighted record second-quarter free cash flow, improving operating leverage and increasing customer adoption of its AI-powered engagement tools. These factors support the company’s longer-term growth and margin expansion story. Braze Q2 2027 Earnings Call Highlights

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.

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