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

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

BRZE has been the topic of a number of other research reports. Canaccord Genuity Group cut their price objective on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Citigroup lowered their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. Oppenheimer dropped their target price on shares of Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. BTIG Research reiterated a “buy” rating and set a $30.00 price target on shares of Braze in a research note on Tuesday, May 26th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Price Performance

Shares of NASDAQ BRZE opened at $23.81 on Monday. Braze has a 1 year low of $15.26 and a 1 year high of $37.33. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -21.26 and a beta of 0.85. The business has a 50-day moving average of $22.26 and a two-hundred day moving average of $23.16.

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

Insider Activity at Braze

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

Institutional Investors Weigh In On Braze

Several hedge funds have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in Braze in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its position in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the period. Fifth Third Bancorp purchased a new position in shares of Braze in the 1st quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Braze in the 4th quarter valued at approximately $52,000. Finally, Osaic Holdings Inc. increased its stake in Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.