Braze (NASDAQ:BRZE) Given "Buy" Rating at Needham & Company LLC

Key Points

• Braze's stock has been given a "Buy" rating by Needham & Company LLC, with a price target of $50.00, indicating a potential upside of 74.76% from its previous close.
• The company reported a revenue of $180.11 million for the last quarter, representing a 23.8% year-over-year increase, despite missing earnings expectations with a loss of ($0.22) per share.
• Currently, Braze holds a consensus rating of "Moderate Buy" from analysts, with nineteen analysts rating the stock as Buy, reflecting strong confidence in its future performance.

Braze (NASDAQ:BRZE - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They presently have a $50.00 price target on the stock. Needham & Company LLC's price target would indicate a potential upside of 74.76% from the company's previous close.

Other analysts have also recently issued reports about the company. Oppenheimer cut their price target on Braze from $44.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. The Goldman Sachs Group set a $52.00 target price on Braze and gave the stock a "buy" rating in a research report on Saturday, September 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $50.00 price objective on shares of Braze in a report on Wednesday, October 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $68.00 price objective on shares of Braze in a report on Friday, September 5th. Finally, Citigroup boosted their price target on Braze from $50.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.11.

Braze Price Performance

Braze stock opened at $28.61 on Wednesday. Braze has a 1-year low of $23.91 and a 1-year high of $48.33. The stock has a market cap of $3.18 billion, a PE ratio of -27.51 and a beta of 1.10. The stock's fifty day moving average is $28.44 and its two-hundred day moving average is $29.57.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The business had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm's quarterly revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. On average, research analysts expect that Braze will post -0.98 earnings per share for the current fiscal year.

Insider Transactions at Braze

In related news, insider Astha Malik sold 3,270 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $32.51, for a total value of $106,307.70. Following the sale, the insider owned 233,660 shares of the company's stock, valued at approximately $7,596,286.60. This represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Pankaj Malik sold 4,174 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $32.77, for a total value of $136,781.98. Following the completion of the sale, the chief accounting officer directly owned 62,756 shares in the company, valued at approximately $2,056,514.12. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,012 shares of company stock worth $2,028,483 in the last quarter. Insiders own 18.20% of the company's stock.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently bought and sold shares of BRZE. GAMMA Investing LLC raised its holdings in Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $27,000 after acquiring an additional 517 shares during the last quarter. Quarry LP raised its holdings in Braze by 296.0% in the 1st quarter. Quarry LP now owns 796 shares of the company's stock valued at $29,000 after acquiring an additional 595 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Braze in the 1st quarter valued at $36,000. SBI Securities Co. Ltd. raised its holdings in Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company's stock valued at $39,000 after acquiring an additional 870 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock valued at $44,000 after acquiring an additional 1,404 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company's stock.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.

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