Piper Sandler Reaffirms Overweight Rating for Braze (NASDAQ:BRZE)

Key Points

• Piper Sandler reaffirmed its Overweight rating on Braze and kept a $27 price target, implying about 9.85% upside from the prior close.
• Braze’s latest earnings beat revenue expectations, with Q1 revenue of $211 million up 30.2% year over year, while EPS matched consensus at $0.10.
• The company also raised its FY2027 revenue outlook to $895 million-$899 million and guided Q2 revenue above estimates, though the stock still faces questions about profitability and valuation.

Braze (NASDAQ:BRZE - Get Free Report)'s stock had its "overweight" rating reaffirmed by investment analysts at Piper Sandler in a research report issued on Thursday,Benzinga reports. They currently have a $27.00 price objective on the stock. Piper Sandler's price target indicates a potential upside of 9.85% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Mizuho set a $32.00 target price on Braze in a research report on Thursday. UBS Group reaffirmed an "outperform" rating on shares of Braze in a research report on Thursday. The Goldman Sachs Group decreased their target price on Braze from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, March 25th. Finally, Stifel Nicolaus decreased their target price on Braze from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Braze currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.52.

Braze Price Performance

Shares of Braze stock opened at $24.58 on Thursday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -20.15 and a beta of 0.78. Braze has a 52-week low of $15.26 and a 52-week high of $37.67. The stock 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 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 during the quarter, compared to analysts' expectations of $205.19 million. Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The company's revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities research analysts predict that Braze will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction that occurred 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 transaction, the general counsel directly owned 209,424 shares of the company's stock, valued at $4,249,212.96. The trade was a 14.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Braze by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company's stock valued at $1,415,000 after purchasing an additional 1,700 shares during the period. Intech Investment Management LLC increased its position in shares of Braze by 18.8% during the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company's stock valued at $1,453,000 after purchasing an additional 6,379 shares during the period. Prudential Financial Inc. bought a new stake in shares of Braze during the second quarter valued at approximately $272,000. Russell Investments Group Ltd. increased its position in shares of Braze by 1,353.0% during the second quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company's stock valued at $270,000 after purchasing an additional 8,957 shares during the period. Finally, Amundi increased its position in shares of Braze by 8.9% during the second quarter. Amundi now owns 32,581 shares of the company's stock valued at $918,000 after purchasing an additional 2,657 shares during the period. 90.47% of the stock is owned by institutional investors.

Braze News Roundup

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported Q1 earnings of $0.10 per share, in line with estimates, while revenue of $211.0 million topped expectations and rose 30.2% year over year, signaling continued demand for its customer engagement platform. Article Title
• Positive Sentiment: The company raised its FY2027 revenue outlook to $895 million-$899 million and guided Q2 revenue above Wall Street estimates, suggesting management sees accelerating business momentum. Article Title
• Positive Sentiment: Management highlighted fourth straight quarter of organic revenue growth acceleration and strong AI-driven demand, which may help support the stock if investors believe the growth story is improving. Article Title
• Neutral Sentiment: Several earnings recaps and transcript pieces mainly reiterate the same results and call commentary, with analysts now weighing the impact of AI momentum against Braze’s valuation. Article Title
• Neutral Sentiment: BTIG reaffirmed a Buy rating and set a $30 price target, which supports the bullish case but does not materially change the near-term earnings narrative. Article Title
• Negative Sentiment: Despite the upbeat revenue and guidance, one report noted the stock fell sharply after the release, likely reflecting investor concern about profitability, margin pressure, and whether the growth rate can justify the valuation. Article Title

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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