Braze (NASDAQ:BRZE) Earns Market Outperform Rating from Citizens Jmp

Key Points

• Citizens JMP reaffirmed its market outperform rating on Braze and set a $35 price target, implying about 52.7% upside from the prior close.
• Braze’s latest quarterly results were solid, with EPS of $0.10 matching estimates and revenue of $211 million topping expectations while rising 30.2% year over year.
• Despite the positive results and upbeat guidance, BRZE shares fell 6.8% on Thursday, suggesting investors were cautious about the outlook or locking in gains after the stock’s recent run.

Braze (NASDAQ:BRZE - Get Free Report)'s stock had its "market outperform" rating reaffirmed by investment analysts at Citizens Jmp in a report released on Thursday,Benzinga reports. They currently have a $35.00 price objective on the stock. Citizens Jmp's price target points to a potential upside of 52.71% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Citigroup reaffirmed a "market outperform" rating on shares of Braze in a research note on Thursday. Barclays raised their target price on Braze from $29.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 25th. BTIG Research reissued a "buy" rating and set a $30.00 target price on shares of Braze in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Braze from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price target on shares of Braze in a research report on Thursday. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.05.

Braze Trading Down 6.8%

BRZE stock traded down $1.66 during mid-day trading on Thursday, hitting $22.92. 4,662,203 shares of the company were exchanged, compared to its average volume of 3,145,011. Braze has a 1-year low of $15.26 and a 1-year high of $37.67. The stock has a market capitalization of $2.60 billion, a PE ratio of -18.92 and a beta of 0.78. The business has a 50 day simple moving average of $22.02 and a 200-day simple moving average of $24.54.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company's revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities research analysts expect that Braze will post -0.87 earnings per share for the current year.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel owned 209,424 shares in the company, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.50% of the company's stock.

Institutional Investors Weigh In On Braze

Several hedge funds have recently added to or reduced their stakes in BRZE. Vanguard Group Inc. raised its position in shares of Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company's stock worth $337,793,000 after purchasing an additional 892,635 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Braze by 10.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company's stock valued at $76,445,000 after purchasing an additional 261,351 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company's stock valued at $69,831,000 after purchasing an additional 139,133 shares in the last quarter. Battery Management CORP. raised its holdings in shares of Braze by 70.2% in 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, Alliancebernstein L.P. raised its holdings in shares of Braze by 28.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company's stock valued at $65,197,000 after purchasing an additional 518,103 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported Q1 EPS of $0.10, in line with estimates, while revenue of $211.0 million beat consensus and rose 30.2% year over year. The company also said organic revenue growth accelerated for a fourth straight quarter, supported by demand for its AI-powered customer engagement platform. Article Title
• Positive Sentiment: Braze raised its FY2027 revenue outlook to $895 million-$899 million and guided Q2 EPS and revenue above Wall Street expectations, which signals management confidence in continued growth and improving execution. Article Title
• Neutral Sentiment: Piper Sandler reaffirmed its Overweight rating and set a $27 price target, suggesting modest upside from recent levels and reinforcing a constructive longer-term view. Article Title
• Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at 0 shares, so there is no evidence that bearish positioning is driving the move. Article Title
• Negative Sentiment: Despite solid results, the stock sold off after earnings, indicating investors may be disappointed by guidance relative to expectations, concerned about profitability, or taking profits after a strong run. Article Title

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.

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