Braze (NASDAQ:BRZE) Price Target Raised to $34.00 at Stephens

Braze (NASDAQ:BRZE) had its price objective upped by equities research analysts at Stephens from $31.00 to $34.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ target price suggests a potential upside of 12.17% from the company’s current price.

Other research analysts have also issued reports about the company. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective (up from $27.00) on shares of Braze in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price target on shares of Braze in a research note on Thursday, May 28th. Oppenheimer increased their price target on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Braze in a research report on Wednesday. Finally, Citigroup restated a “market outperform” rating on shares of Braze in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.22.

Braze Trading Down 5.2%

BRZE stock opened at $30.31 on Wednesday. The firm has a 50-day moving average of $27.57 and a two-hundred day moving average of $23.54. Braze has a 12 month low of $15.26 and a 12 month high of $37.33. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -27.06 and a beta of 0.88.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, equities analysts forecast that Braze will post -0.78 earnings per share for the current year.

Insider Activity

In other Braze news, CRO Edward M. Mcdonnell sold 29,732 shares of Braze stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at $12,854,189.40. The trade was a 6.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the sale, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,568 shares of company stock valued at $6,096,461. 12.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Braze

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in Braze by 1,832.1% in the second quarter. California State Teachers Retirement System now owns 2,019,361 shares of the company’s stock valued at $43,800,000 after purchasing an additional 1,914,845 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Braze by 592.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock worth $72,181,000 after buying an additional 1,801,019 shares in the last quarter. UBS Group AG increased its stake in shares of Braze by 421.1% during the third quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock worth $36,394,000 after buying an additional 1,034,087 shares during the period. Battery Management CORP. lifted its stake in Braze by 70.2% in the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings 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 worth $38,429,000 after acquiring an additional 951,674 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze News Roundup

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Q2 results exceeded estimates: Braze reported adjusted earnings of $0.19 per share versus the $0.16 consensus, while revenue rose 26.2% year over year to $227.23 million, above expectations of $220.27 million. Braze Reports Strong Fiscal Second Quarter 2027 Results
• Positive Sentiment: Management raised its outlook: Fiscal 2027 EPS guidance was set at $0.64-$0.65, well above the $0.35 analyst consensus, while revenue guidance of $910 million-$913 million exceeded the $898.4 million consensus. Third-quarter EPS guidance of $0.13-$0.14 and revenue guidance of $229 million-$230 million also topped estimates. Braze Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Improving profitability trends: Braze highlighted record second-quarter free cash flow, improving operating leverage and increasing customer adoption of its AI-powered engagement tools. These factors support the company’s longer-term growth and margin expansion story. Braze Q2 2027 Earnings Call Highlights

Braze Company Profile

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.