Piper Sandler Reiterates Overweight Rating for Braze (NASDAQ:BRZE)

Braze (NASDAQ:BRZE)‘s stock had its “overweight” rating reaffirmed by equities researchers at Piper Sandler in a note issued to investors on Wednesday, Benzinga reports. They currently have a $30.00 price objective on the stock, up from their previous price objective of $27.00. Piper Sandler’s target price suggests a potential downside of 1.02% from the company’s current price.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Needham & Company LLC reissued a “buy” rating on shares of Braze in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Citigroup reiterated a “market outperform” rating on shares of Braze in a research note on Wednesday. Finally, BTIG Research reissued a “buy” rating and set a $35.00 target price on shares of Braze in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and a consensus target price of $38.47.

Braze Trading Down 5.2%

Shares of BRZE opened at $30.31 on Wednesday. The firm has a 50-day moving average price of $27.57 and a 200 day moving average price of $23.54. The firm has a market capitalization of $3.41 billion, a P/E ratio of -27.06 and a beta of 0.88. Braze has a 12-month low of $15.26 and a 12-month high of $37.33.

Braze (NASDAQ:BRZE) last posted its earnings results 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. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Equities research analysts predict that Braze will post -0.78 earnings per share for the current fiscal year.

Insider Transactions at Braze

In other Braze news, CRO Edward M. Mcdonnell sold 29,732 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of Braze 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 transaction, the insider directly owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This trade represents a 4.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 in the last quarter. 12.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in 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 in the last quarter. Envestnet Asset Management Inc. boosted its position in Braze by 7.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after acquiring an additional 746 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Braze by 1.9% during the 4th quarter. MetLife Investment Management LLC now owns 47,231 shares of the company’s stock worth $1,620,000 after purchasing an additional 890 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Braze by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,628 shares of the company’s stock worth $467,000 after acquiring an additional 1,020 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Key Braze News

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.