JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Braze (NASDAQ:BRZE) Stock

Braze (NASDAQ:BRZE) had its target price boosted by analysts at JPMorgan Chase & Co. from $33.00 to $35.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 47.00% from the stock’s current price.

BRZE has been the subject of several other reports. Piper Sandler reaffirmed an “overweight” rating and issued a $27.00 price objective on shares of Braze in a research note on Thursday, May 28th. UBS Group reissued an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Canaccord Genuity Group dropped their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Mizuho cut their price target on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Braze in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

Braze Stock Performance

BRZE stock opened at $23.81 on Monday. The company’s 50-day moving average price is $22.26 and its 200 day moving average price is $23.16. Braze has a 52 week low of $15.26 and a 52 week high of $37.33. The company has a market cap of $2.68 billion, a P/E ratio of -21.26 and a beta of 0.85.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities research analysts expect that Braze will post -0.76 earnings per share for the current year.

Insider Activity

In related news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total transaction of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after purchasing an additional 552 shares during the last quarter. Arizona State Retirement System raised its position in shares of Braze by 3.2% in the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock valued at $769,000 after buying an additional 688 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Braze by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock valued at $315,000 after buying an additional 746 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Braze during the fourth quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Braze by 3,650.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

About Braze

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.