TD Cowen Lowers Braze (NASDAQ:BRZE) Price Target to $30.00

Braze (NASDAQ:BRZE) had its price target dropped by equities researchers at TD Cowen from $43.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 63.67% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Braze in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price objective on shares of Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. DA Davidson upped their target price on shares of Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Citigroup raised their price target on shares of Braze from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Barclays upped their price objective on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.48.

Braze Trading Down 4.6%

NASDAQ BRZE opened at $18.33 on Friday. Braze has a 12 month low of $15.26 and a 12 month high of $43.89. The stock has a market cap of $2.06 billion, a P/E ratio of -16.66 and a beta of 1.08. The stock’s fifty day moving average price is $20.40 and its 200-day moving average price is $26.72.

Insiders Place Their Bets

In related news, CAO Pankaj Malik sold 2,893 shares of Braze stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $48,978.49. Following the completion of the sale, the chief accounting officer owned 50,679 shares of the company’s stock, valued at $857,995.47. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Magnuson sold 26,413 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $447,172.09. Following the completion of the transaction, the chief executive officer directly owned 4,491,098 shares in the company, valued at approximately $76,034,289.14. This represents a 0.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,676 shares of company stock worth $1,027,661 in the last 90 days. Insiders own 18.20% of the company’s stock.

Institutional Trading of Braze

Large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in Braze by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 21,749 shares of the company’s stock valued at $619,000 after acquiring an additional 363 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Braze by 2.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,621 shares of the company’s stock worth $551,000 after buying an additional 461 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Braze by 34.3% during the third quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after buying an additional 471 shares during the last quarter. Clearstead Advisors LLC increased its stake in Braze by 58.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after acquiring an additional 620 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Braze by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock worth $3,203,000 after acquiring an additional 638 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Key Headlines Impacting Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Analyst/fundamental support: A recent piece highlights replacement-cycle trends and evolving fundamentals as supportive for Braze and notes J.P. Morgan kept an Overweight stance even after trimming its price target — a sign some sell-side analysts still view the business favorably. Replacement Cycle Trends and Evolving Fundamentals Offer Support to Braze (InsiderMonkey)
• Neutral Sentiment: Bullish consensus metric: Aggregate analyst targets imply a large upside (Zacks highlights a consensus suggesting ~126% upside), which can attract long-term value or momentum buyers even if the metric is volatile. Wall Street Analysts See a 126.44% Upside in Braze (Zacks)
• Neutral Sentiment: Short-interest data appears anomalous/erroneous in recent reports (system shows zero shares or NaN for March filings). Treat reported “large increase” notes with caution until corrected filings confirm true short volume. (No reliable external link provided.)
• Negative Sentiment: TD Cowen cut its price target from $43 to $30 but kept a Buy rating — the lower target increases near-term selling pressure. TD Cowen price-target cut (Benzinga)
• Negative Sentiment: DA Davidson trimmed its target from $42 to $30 while maintaining a Buy — another downward revision adding to negative sentiment. DA Davidson price-target cut (Benzinga)
• Negative Sentiment: BTIG reduced its target from $45 to $25 (still a Buy), representing the most aggressive cut among recent brokers and likely contributing to the intraday decline. BTIG price-target cut (Benzinga)

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.