Braze (NASDAQ:BRZE) Earns Buy Rating from Needham & Company LLC

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a report released on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. Needham & Company LLC’s price target points to a potential upside of 71.59% from the stock’s current price.

Several other equities research analysts have also commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price target on shares of Braze in a research note on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a report on Monday, December 29th. Wolfe Research raised Braze to an “overweight” rating in a research report on Wednesday, December 10th. Wells Fargo & Company boosted their price target on Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Finally, Barclays boosted their price objective on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Braze has an average rating of “Moderate Buy” and a consensus price target of $46.95.

Braze Stock Performance

Shares of NASDAQ BRZE opened at $29.14 on Wednesday. The firm has a market cap of $3.27 billion, a P/E ratio of -26.49 and a beta of 1.08. Braze has a 1 year low of $23.91 and a 1 year high of $48.33. The firm’s 50 day moving average price is $31.06 and its 200 day moving average price is $29.16.

Braze (NASDAQ:BRZE) last released its earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm had revenue of $190.84 million during the quarter, compared to analyst estimates of $198.25 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. As a group, equities analysts predict that Braze will post -0.98 EPS for the current year.

Insider Buying and Selling at Braze

In related news, CTO Jonathan Hyman sold 9,789 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $260,778.96. Following the completion of the sale, the chief technology officer directly owned 195,317 shares in the company, valued at approximately $5,203,244.88. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 4,456 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $27.57, for a total transaction of $122,851.92. Following the completion of the sale, the general counsel directly owned 219,794 shares of the company’s stock, valued at $6,059,720.58. This represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,923 shares of company stock valued at $1,917,418 in the last 90 days. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

Institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new position in shares of Braze during the fourth quarter worth approximately $239,000. SG Americas Securities LLC grew its holdings in shares of Braze by 5,412.5% in the 4th quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock valued at $9,937,000 after acquiring an additional 284,533 shares in the last quarter. Diversified Trust Co. increased its holdings in Braze by 19.8% during the fourth quarter. Diversified Trust Co. now owns 36,357 shares of the company’s stock worth $1,247,000 after buying an additional 6,005 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Braze in the fourth quarter valued at approximately $386,000. Finally, JPMorgan Chase & Co. lifted its position in Braze by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after acquiring an additional 139,133 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

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.