NASDAQ:BRZE

Braze (BRZE) Stock Forecast, Price & News

$46.73

+0.09 (+0.19%)

(As of 09/29/2023 ET)

Compare

Today's Range: $46.70
▼
$47.97
50-Day Range: $39.70
▼
$49.59
52-Week Range: $22.53
▼
$50.13

Volume: 787,854 shs
Average Volume: 1.09 million shs
Market Capitalization: $4.62 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $53.47

Braze MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 14.4% Upside
$53.47 Price Target
Short Interest: Healthy
8.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 9 Articles This Week
Insider Trading: Selling Shares
$26.88 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.39) to ($1.15) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Business Services Sector

129th out of 317 stocks

Prepackaged Software Industry

76th out of 207 stocks

3.4

Analyst's Opinion

Consensus Rating
Braze has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 14 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.47, Braze has a forecasted upside of 14.4% from its current price of $46.73.
Amount of Analyst Coverage
Braze has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
8.75% of the float of Braze has been sold short.
Short Interest Ratio / Days to Cover
Braze has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Braze has recently decreased by 9.79%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Braze does not currently pay a dividend.
Dividend Growth
Braze does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BRZE.

3.2

News and Social Media Coverage

News Sentiment
Braze has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Braze this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for BRZE on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.
MarketBeat Follows
13 people have added Braze to their MarketBeat watchlist in the last 30 days. This is an increase of 160% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Braze insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,883,127.00 in company stock.
Percentage Held by Insiders
26.48% of the stock of Braze is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
49.47% of the stock of Braze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Braze are expected to grow in the coming year, from ($1.39) to ($1.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Braze is -32.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Braze is -32.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Braze has a P/B Ratio of 10.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Braze (NASDAQ:BRZE) Stock

Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data. It also offers classification products, including segmentation that can define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, the company provides orchestration products, which includes Canvas, an orchestration tool that allows customers to create journeys, mapping out multi-steps, and cross-channel messaging experiences; campaigns, which allows customers to send one set of single-channel or multi-channel messages to be delivered to customers in a particular user segment; event and API triggering; frequency capping and rate limiting; intelligent selection; and reporting and analytics. Further, it offers personalization products, such as liquid templating platform, connected content platform, content blocks, intelligent timing platform, and promotion codes; and action products. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.

BRZE Price History

30 days | 90 days | 365 days | Advanced Chart

BRZE Stock News Headlines

September 27, 2023 | marketbeat.com

3 Growing Tech Stocks To Put On Your M&A Watchlist

Cisco's purchase of Splunk raises many questions, and one of them is which tech companies will be acquired next; here are three possibilities

September 21, 2023 | marketbeat.com

5 Sizzling Tech Companies on the Brink of Bullish Reversals (BRZE)

Tech stocks are on the move and some are forming solid reversal patterns that could lead to double-digit gains for investors.

October 1, 2023 | Goldco (Ad)

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September 11, 2023 | marketbeat.com

The Top 5 Analysts Calls in September (BRZE)

These stocks have more in common than analysts' attention. Read on to find out why these are the Most Upgraded Stocks for the 1st week of September.

October 1, 2023 | americanbankingnews.com

Jonathan Hyman Sells 15,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

September 29, 2023 | finance.yahoo.com

Insider Sell: CTO Jonathan Hyman Sells 15,000 Shares of Braze Inc (BRZE)

September 24, 2023 | americanbankingnews.com

Braze, Inc. (NASDAQ:BRZE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

September 20, 2023 | finance.yahoo.com

Braze Announces Keynote Speakers Guy Raz, Leslie Odom Jr. and Omar Johnson for Forge 2023 Conference

October 1, 2023 | Goldco (Ad)

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September 18, 2023 | msn.com

Braze: Rating Downgrade As Upside Is Dependent On Multiples To Re-Rate Higher

September 15, 2023 | finance.yahoo.com

Insider Sell: Myles Kleeger Sells 10,000 Shares of Braze Inc (BRZE)

September 10, 2023 | finance.yahoo.com

Earnings Update: Here's Why Analysts Just Lifted Their Braze, Inc. (NASDAQ:BRZE) Price Target To US$56.00

September 9, 2023 | msn.com

Barclays Maintains Braze Inc - (BRZE) Overweight Recommendation

September 9, 2023 | msn.com

Oppenheimer Maintains Braze Inc - (BRZE) Outperform Recommendation

September 9, 2023 | markets.businessinsider.com

Wells Fargo Maintains Overweight Rating for Braze: Here's What You Need To Know

September 8, 2023 | msn.com

Raymond James Maintains Braze Inc - (BRZE) Outperform Recommendation

September 8, 2023 | markets.businessinsider.com

Piper Sandler Maintains Overweight Rating for Braze: Here's What You Need To Know

September 8, 2023 | finance.yahoo.com

Braze, Inc. (NASDAQ:BRZE) Q2 2024 Earnings Call Transcript

September 8, 2023 | markets.businessinsider.com

William Blair Sticks to Its Buy Rating for Braze (BRZE)

September 8, 2023 | markets.businessinsider.com

Braze (BRZE) Receives a Rating Update from a Top Analyst

September 7, 2023 | seekingalpha.com

Braze, Inc. 2024 Q2 - Results - Earnings Call Presentation

September 7, 2023 | businesswire.com

Braze Reports Fiscal Second Quarter 2024 Results

September 7, 2023 | theglobeandmail.com

Braze's (NASDAQ:BRZE) Q2 Sales Top Estimates, Provides Optimistic Full-Year Guidance

September 6, 2023 | theglobeandmail.com

Braze (BRZE) Q2 Earnings: What To Expect

September 6, 2023 | benzinga.com

Braze's Earnings Outlook

September 6, 2023 | msn.com

Braze Q2 2024 Earnings Preview

September 6, 2023 | msn.com

Citigroup Initiates Coverage of Braze Inc - (BRZE) with Buy Recommendation

See More Headlines

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BRZE Company Calendar

Last Earnings: 12/19/2021
Today: 10/01/2023
Next Earnings (Estimated): 12/12/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:BRZE
CUSIP: N/A
CIK: 1676238
Web: www.braze.com
Phone: 609-964-0585
Fax: N/A
Employees: 1,501
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $53.47
High Stock Price Forecast: $65.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +14.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-138,970,000.00
Net Margins: -33.51%
Pretax Margin: -33.55%
Return on Equity: -29.85%
Return on Assets: -18.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.31
Quick Ratio: 2.31

Sales & Book Value

Annual Sales: $408.69 million
Price / Sales: 11.30
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.45 per share
Price / Book: 10.50

Miscellaneous

Outstanding Shares: 98,867,000
Free Float: 72,687,000
Market Cap: $4.62 billion
Optionable: Not Optionable
Beta: 1.04

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Key Executives

Mr. William Magnuson (Age 35)
Co-Founder, Chairman & CEO
Comp: $666.82k

Mr. Myles Kleeger (Age 48)
Pres & Chief Commercial Officer
Comp: $534.46k

Mr. Jonathan Hyman (Age 37)
Co-Founder & CTO
Comp: $479.61k

Ms. Isabelle Winkles (Age 44)
Chief Financial Officer
Comp: $518.09k

Ms. Susan Wiseman (Age 63)
Gen. Counsel & Corp. Sec.
Comp: $434.41k

Mr. Pankaj Malik
Chief Accounting Officer

Mr. Christopher L. Ferris
Head of Investor Relations

Hannah Blackington
Sr. Communications Mang.

Ms. Priyanka Singh (Age 53)
Chief People Officer

Mr. Kevin Wang
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BRZE Stock - Frequently Asked Questions

Should I buy or sell Braze stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Braze in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BRZE shares.
View BRZE analyst ratings or view top-rated stocks.
What is Braze's stock price forecast for 2023?: 17 Wall Street research analysts have issued 12-month target prices for Braze's stock. Their BRZE share price forecasts range from $44.00 to $65.00. On average, they predict the company's share price to reach $53.47 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for BRZE or view top-rated stocks among Wall Street analysts.
How have BRZE shares performed in 2023?: Braze's stock was trading at $27.28 at the beginning of 2023. Since then, BRZE stock has increased by 71.3% and is now trading at $46.73.
View the best growth stocks for 2023 here.
Are investors shorting Braze?: Braze saw a drop in short interest in September. As of September 15th, there was short interest totaling 4,790,000 shares, a drop of 9.8% from the August 31st total of 5,310,000 shares. Based on an average daily trading volume, of 799,800 shares, the short-interest ratio is presently 6.0 days. Approximately 8.8% of the company's stock are sold short.
View Braze's Short Interest.
When is Braze's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
View our BRZE earnings forecast.
How were Braze's earnings last quarter?: Braze, Inc. (NASDAQ:BRZE) posted its quarterly earnings data on Sunday, December, 19th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.46. The business had revenue of $63.97 million for the quarter. Braze had a negative trailing twelve-month return on equity of 29.85% and a negative net margin of 33.51%.
What ETFs hold Braze's stock?: ETFs with the largest weight of Braze (NASDAQ:BRZE) stock in their portfolio include Innovator IBD 50 ETF (FFTY), iShares Virtual Work and Life Multisector ETF (IWFH), ProShares Big Data Refiners ETF (DAT), Jacob Forward ETF (JFWD), WisdomTree Cloud Computing Fund (WCLD), SPDR FactSet Innovative Technology ETF (XITK) and SPDR S&P Software & Services ETF (XSW).Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO).

What guidance has Braze issued on next quarter's earnings?: Braze updated its third quarter 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of -$0.14--$0.13 for the period, compared to the consensus estimate of -$0.15. The company issued revenue guidance of $116.50 million-$117.50 million, compared to the consensus revenue estimate of $114.31 million.
When did Braze IPO?: (BRZE) raised $460 million in an initial public offering on Wednesday, November 17th 2021. The company issued 8,000,000 shares at a price of $55.00-$60.00 per share.
What is Braze's stock symbol?: Braze trades on the NASDAQ under the ticker symbol "BRZE."
How do I buy shares of Braze?: Shares of BRZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Braze's stock price today?: One share of BRZE stock can currently be purchased for approximately $46.73.
How much money does Braze make?: Braze (NASDAQ:BRZE) has a market capitalization of $4.62 billion and generates $408.69 million in revenue each year. The company earns $-138,970,000.00 in net income (profit) each year or ($1.43) on an earnings per share basis.
How many employees does Braze have?: The company employs 1,501 workers across the globe.
How can I contact Braze?: The official website for the company is www.braze.com. The company can be reached via phone at 609-964-0585 or via email at ir@braze.com.

This page (NASDAQ:BRZE) was last updated on 10/1/2023 by MarketBeat.com Staff

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Braze (BRZE) Stock Forecast, Price & News

Braze MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Braze (NASDAQ:BRZE) Stock

BRZE Price History

BRZE Stock News Headlines

BRZE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BRZE Stock - Frequently Asked Questions

Overall MarketRank^™