JPMorgan Chase & Co. Cuts Braze (NASDAQ:BRZE) Price Target to $34.00

Braze (NASDAQ:BRZE) had its price target reduced by JPMorgan Chase & Co. from $35.00 to $34.00 in a research report sent to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Braze in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Braze in a report on Wednesday. Oppenheimer increased their price target on shares of Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, UBS Group raised their price objective on Braze from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.21.

Braze Trading Down 1.3%

Braze stock opened at $23.94 on Wednesday. Braze has a 12 month low of $15.26 and a 12 month high of $37.33. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.70 billion, a P/E ratio of -23.24 and a beta of 0.88. The company’s fifty day simple moving average is $27.60 and its 200-day simple moving average is $23.64.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.Braze’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts forecast that Braze will post -0.77 EPS for the current fiscal year.

Insider Activity

In other Braze news, insider Astha Malik sold 15,724 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the sale, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the sale, the executive directly owned 409,630 shares in the company, valued at approximately $12,854,189.40. The trade was a 6.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 203,568 shares of company stock worth $6,096,461. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $1,415,000 after buying an additional 1,700 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock worth $1,453,000 after acquiring an additional 6,379 shares in the last quarter. Prudential Financial Inc. bought a new stake in Braze during the 2nd quarter worth approximately $272,000. Russell Investments Group Ltd. grew its position in Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after acquiring an additional 8,957 shares during the last quarter. Finally, Amundi increased its holdings in Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock valued at $918,000 after purchasing an additional 2,657 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Analyst support remains strong. Piper Sandler reiterated its Overweight rating, while Citizens JMP maintained “Market Outperform,” BTIG Research reiterated “Buy,” and D.A. Davidson also issued a Buy rating. TD Cowen likewise reaffirmed its Buy recommendation. Piper Sandler Reaffirms Overweight Rating for Braze
• Positive Sentiment: Strong quarterly execution provides support. Braze reported quarterly earnings of $0.19 per share versus the $0.16 consensus estimate, while revenue of $227.2 million exceeded expectations of $220.3 million and increased 26.2% year over year. Analysts cited revenue growth and improving net retention as reasons the selloff could represent a buying opportunity. Why Braze’s Guidance Miss May Be a Gift for Investors
• Positive Sentiment: Stephens expects substantial upside for BRZE, adding to the favorable analyst outlook. Stephens Forecasts Strong Price Appreciation for Braze
• Neutral Sentiment: JPMorgan lowered its price target to $34, but the revised target remains above the stock’s recent trading level, suggesting reduced expectations rather than a bearish call. JPMorgan Lowers Braze Price Target
• Neutral Sentiment: Braze presented at Citi’s 2026 Global TMT Conference, potentially giving investors additional information on strategy and growth, though no specific new financial catalyst was reported. Braze Citi Conference Transcript
• Negative Sentiment: Soft third-quarter profit guidance triggered the recent decline. The weaker outlook overshadowed the second-quarter earnings and revenue beats, raising concerns about near-term growth and profitability. Braze Dips on Weak Q3 Profit Outlook
• Negative Sentiment: Put-option activity was unusually high, with 5,672 puts purchased—180% above average—indicating increased near-term hedging or bearish speculation.

About Braze

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its platform enables organizations to collect and analyze customer data, create audience segments, and coordinate marketing campaigns across multiple digital channels.

The Braze platform supports messaging through mobile and web push notifications, in-app messages, email, SMS, and other communication channels. It also provides tools for campaign orchestration, automation, experimentation, analytics, and artificial intelligence to help brands deliver more relevant and timely customer experiences.

Founded in 2011 as Appboy, the company later adopted the Braze name as it expanded its customer engagement offerings.