Braze Inc (NASDAQ:BRZE) Receives $89.18 Consensus Price Target from Analysts

Shares of Braze Inc (NASDAQ:BRZE) have received an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.18.

BRZE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Braze in a research note on Monday, December 13th. They issued an “overweight” rating and a $80.00 price objective on the stock. Piper Sandler initiated coverage on shares of Braze in a research note on Monday, December 13th. They set an “overweight” rating and a $85.00 target price on the stock. William Blair initiated coverage on shares of Braze in a research note on Monday, December 13th. They set an “outperform” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Braze in a research note on Monday, December 13th. They set a “buy” rating and a $96.00 target price on the stock. Finally, Oppenheimer initiated coverage on shares of Braze in a research note on Monday, December 13th. They set an “outperform” rating and a $85.00 target price on the stock.

In related news, General Counsel Susan Wiseman sold 4,785 shares of the business’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of $67.24, for a total value of $321,743.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:BRZE traded up $1.92 during mid-day trading on Friday, reaching $62.61. The stock had a trading volume of 338,095 shares, compared to its average volume of 443,869. The business has a 50-day simple moving average of $70.27. Braze has a 12 month low of $55.73 and a 12 month high of $98.78.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Sunday, December 19th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.46. As a group, sell-side analysts predict that Braze will post -1.86 EPS for the current fiscal year.

Braze Company Profile

Braze Inc provide comprehensive customer engagement platform which powers interactions between consumers and brands. The company can ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies.

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Analyst Recommendations for Braze (NASDAQ:BRZE)

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