Should I buy or sell Braze stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Braze in the last twelve months. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRZE shares. View BRZE analyst ratings or view top-rated stocks .

What is Braze's stock price target for 2024?

17 analysts have issued 12-month price objectives for Braze's stock. Their BRZE share price targets range from $44.00 to $80.00. On average, they expect the company's stock price to reach $61.58 in the next year. This suggests a possible upside of 13.8% 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 the year. Since then, BRZE stock has increased by 98.3% and is now trading at $54.09. View the best growth stocks for 2023 here .

When is Braze's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024. View our BRZE earnings forecast .

How were Braze's earnings last quarter?

Braze, Inc. (NASDAQ:BRZE) released its earnings results on Wednesday, December, 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.08. The business earned $124 million during the quarter, compared to the consensus estimate of $117.30 million. Braze had a negative trailing twelve-month return on equity of 29.12% and a negative net margin of 30.57%. Braze's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) earnings per share.

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 FY24 earnings guidance on Wednesday, December, 6th. The company provided earnings per share (EPS) guidance of ($0.26)-($0.27) for the period, compared to the consensus estimate of ($0.37). The company issued revenue guidance of $465-466 million, compared to the consensus revenue estimate of $454.10 million.

(BRZE) raised $460 million in an initial public offering (IPO) on Wednesday, November 17th 2021. The company issued 8,000,000 shares at $55.00-$60.00 per share.

Who are Braze's major shareholders?

Braze's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (5.45%), Cadian Capital Management LP (3.39%), Invesco Ltd. (1.31%), Healthcare of Ontario Pension Plan Trust Fund (1.30%), Northern Trust Corp (0.49%) and Steadview Capital Management LLC (0.45%). Insiders that own company stock include Battery Partners Xi, Llc, Dharmesh Thakker, Douglas A Pepper , Iconiq Strategic Partners Vi,, Isabelle Winkles , Jesse Feldman, Jonathan Hyman , Matthew Jacobson , Myles Kleeger , Pankaj Malik , Phillip M Fernandez , Scott R Tobin , Susan Wiseman and William Magnuson. View institutional ownership trends .

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 .

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Braze (BRZE) Stock Price, News & Analysis

$52.56

-1.53 (-2.83%)

(As of 09:57 AM ET)

Compare

Today's Range: $52.40
▼
$53.62
50-Day Range: $41.79
▼
$56.83
52-Week Range: $23.67
▼
$58.67

Volume: 189,604 shs
Average Volume: 764,631 shs
Market Capitalization: $5.20 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $61.58

Braze MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 13.8% Upside
$61.58 Price Target
Short Interest: Bearish
9.88% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.70
Based on 57 Articles This Week
Insider Trading: Selling Shares
$9.77 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.

2.29 out of 5 stars

Business Services Sector

95th out of 281 stocks

Prepackaged Software Industry

55th out of 187 stocks

3.4

Analyst's Opinion

Consensus Rating
Braze has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 15 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $61.58, Braze has a forecasted upside of 13.8% from its current price of $54.09.
Amount of Analyst Coverage
Braze has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.88% 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 6.6.
Change versus previous month
Short interest in Braze has recently decreased by 3.48%, indicating that investor sentiment is improving.

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.

3.7

News and Social Media Coverage

News Sentiment
Braze has a news sentiment score of 0.70. 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 is a higher news sentiment than the 0.45 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 57 news articles for Braze this week, compared to 4 articles on an average week.
Search Interest
13 people have searched for BRZE on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.
MarketBeat Follows
23 people have added Braze to their MarketBeat watchlist in the last 30 days. This is an increase of 229% 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 $9,767,031.00 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 -38.91, 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 -38.91, 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 11.66. 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 Stock (NASDAQ:BRZE)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BRZE Stock News Headlines

December 7, 2023 | marketbeat.com

The rally in Braze, Inc. gains momentum: 30% upside potential

Braze, Inc. had a blowout quarter and raised guidance spurring the analysts to raise their price targets for the stock and lead the market higher.

November 28, 2023 | insidertrades.com

The most active insider sales: Stocks to put on your radar (BRZE)

December 11, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.

December 10, 2023 | americanbankingnews.com

Raymond James Raises Braze (NASDAQ:BRZE) Price Target to $75.00

December 10, 2023 | americanbankingnews.com

The Goldman Sachs Group Boosts Braze (NASDAQ:BRZE) Price Target to $63.00