Stifel Nicolaus Issues Positive Forecast for Braze (NASDAQ:BRZE) Stock Price

Braze (NASDAQ:BRZE) had its price objective increased by Stifel Nicolaus from $40.00 to $45.00 in a research note published on Wednesday, MarketBeat Ratings reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a report on Wednesday, October 8th. JMP Securities restated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research note on Friday, September 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Braze in a research report on Friday, September 5th. Citigroup boosted their price target on shares of Braze from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. Finally, DA Davidson restated a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Friday, September 5th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.05.

Braze Price Performance

NASDAQ:BRZE opened at $36.19 on Wednesday. Braze has a one year low of $23.91 and a one year high of $48.33. The company has a fifty day moving average price of $28.15 and a 200 day moving average price of $28.68. The stock has a market cap of $4.03 billion, a P/E ratio of -32.90 and a beta of 1.10.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $190.84 million for the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 18.61%. The business’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS. 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 research analysts anticipate that Braze will post -0.98 EPS for the current year.

Insider Activity

In other 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 sale, the chief technology officer owned 195,317 shares in the company, valued at approximately $5,203,244.88. This represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Magnuson sold 26,698 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total transaction of $711,234.72. Following the sale, the chief executive officer directly owned 694,746 shares in the company, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,557 shares of company stock worth $1,856,089 over the last ninety days. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRZE. JPMorgan Chase & Co. boosted its holdings in Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Braze during the 3rd quarter worth approximately $242,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Braze in the 3rd quarter valued at $9,149,000. Caxton Associates LLP acquired a new position in Braze in the third quarter valued at about $231,000. Finally, PharVision Advisers LLC acquired a new position in shares of Braze in the 3rd quarter valued at approximately $252,000. 90.47% of the stock is currently owned by institutional investors.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.