These Analysts Increase Their Forecasts On Braze Following Upbeat Results

Benzinga
03-28

Braze, Inc. (NASDAQ:BRZE) posted better-than-expected fourth-quarter results after Thursday’s closing bell.

Braze reported quarterly earnings of 12 cents per share, which beat the analyst consensus estimate of five cents. Quarterly revenue came in at $160.4 million, beating the $155.72 million consensus estimate.

"Fiscal 2025 was a milestone year for Braze that reinforced our position as the leading Customer Engagement platform through robust customer growth and continued advancements in our product, including meaningful new investments in AI and machine learning. We grew revenue 26% while continuing to drive strong operating leverage, ending the year with three straight quarters of non-GAAP net income profitability," said Bill Magnuson, CEO of Braze.

Braze sees fiscal 2026 adjusted earnings of between 31 cents and 35 cents per share, versus the 21 cent estimate, and revenue in a range of $686 million to $691 million, versus the $688.07 million estimate.

Braze shares fell 1.7% to close at $36.70 on Thursday.

These analysts made changes to their price targets on Braze following earnings announcement.

  • Canaccord Genuity analyst David Hynes maintained Braze with a Buy and raised the price target from $45 to $50.
  • Stifel analyst Parker Lane maintained Braze with a Buy and raised the price target from $48 to $50.
  • Needham analyst Scott Berg, meanwhile, reiterated Braze with a Buy and maintained a $50 price target.

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