Braze (NASDAQ:BRZE) Given New $48.00 Price Target at Citigroup

Key Points

• Citigroup lowered its price target on Braze from $49 to $48 but kept a buy rating, implying substantial upside from the prior close despite the small cut.
• Braze posted strong quarterly results, with revenue of $211 million topping estimates and rising 30.2% year over year, while EPS matched expectations at $0.10.
• Analyst sentiment remains broadly positive: multiple firms reiterated bullish ratings, and the stock gained 7.8% on the day as Braze also raised its outlook for future periods.

Braze (NASDAQ:BRZE - Get Free Report) had its target price decreased by equities researchers at Citigroup from $49.00 to $48.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 90.63% from the stock's previous close.

BRZE has been the topic of several other reports. BTIG Research reiterated a "buy" rating and issued a $30.00 target price on shares of Braze in a research note on Tuesday. DA Davidson reissued a "buy" rating and issued a $33.00 target price on shares of Braze in a report on Thursday. Mizuho decreased their target price on Braze from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday. Barclays boosted their target price on Braze from $29.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 25th. Finally, Piper Sandler restated an "overweight" rating and issued a $27.00 price objective on shares of Braze in a research report on Thursday. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.14.

Braze Stock Up 7.8%

NASDAQ:BRZE traded up $1.82 during mid-day trading on Friday, reaching $25.18. 1,332,097 shares of the stock were exchanged, compared to its average volume of 3,191,182. The company has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $24.50. The stock has a market capitalization of $2.86 billion, a P/E ratio of -22.48 and a beta of 0.78. Braze has a 1 year low of $15.26 and a 1 year high of $37.67.

Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.33% and a negative net margin of 15.51%.The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, research analysts predict that Braze will post -0.87 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Susan Wiseman sold 35,000 shares of the company's 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 transaction, the general counsel directly owned 209,424 shares in the company, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.50% of the company's stock.

Hedge Funds Weigh In On Braze

Several institutional investors have recently added to or reduced their stakes in BRZE. Alyeska Investment Group L.P. grew its stake in Braze by 592.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company's stock valued at $72,181,000 after purchasing an additional 1,801,019 shares in the last quarter. Barclays PLC grew its stake in Braze by 443.0% during the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company's stock valued at $39,941,000 after purchasing an additional 1,145,748 shares in the last quarter. UBS Group AG grew its stake in Braze by 421.1% during the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company's stock valued at $36,394,000 after purchasing an additional 1,034,087 shares in the last quarter. Battery Management CORP. grew its stake in 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 grew its stake in Braze by 238.2% during 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 in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Citizens JMP reiterated an Market Outperform rating on Braze and set a $35 price target, signaling meaningful upside from recent trading levels. Braze NASDAQ: BRZE Receives Market Outperform Rating from Citizens Jmp
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and raised its target to $38, while DA Davidson also reiterated Buy with a $33 target, adding to bullish sentiment around the name. Braze's (BRZE) Overweight Rating Reaffirmed at Cantor Fitzgerald Braze NASDAQ: BRZE Receives "Buy" Rating from DA Davidson
• Positive Sentiment: Braze reported Q1 revenue of $211 million, ahead of estimates, with revenue up about 30% year over year and EPS meeting expectations, reinforcing the company’s growth story. Braze Delivers Fourth Straight Quarter of Organic Revenue Growth Acceleration
• Positive Sentiment: Management also raised FY2027 guidance, with revenue outlook above consensus and Q2 EPS guidance well above expectations, which supports the stock’s rebound thesis. Braze raises FY 2027 revenue outlook...
• Neutral Sentiment: A Zacks comparison piece on Braze versus StoneCo is more valuation-oriented and is unlikely to be a major short-term driver by itself. STNE vs. BRZE: Which Stock Is the Better Value Option?
• Negative Sentiment: Some coverage highlighted pressure on margins, and a newly disclosed currency-exchange risk could add earnings volatility as Braze expands globally. Braze’s Growing Currency Risk...
• Negative Sentiment: Investors also appear cautious after the post-earnings selloff, which was tied to mixed margin performance and the company’s CFO transition. Braze shares slide as investors weigh mixed quarterly margins despite raised outlook

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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