Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. It provides data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners. The company also offers classification products, including segmentation that can define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators, as well as helps to understand the factors that determine which consumers belong to a particular segment; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, it provides orchestration products, which include Canvas, an orchestration tool that allows customers to create journeys, map out multi-steps, and cross-channel messaging experiences comprise onboarding flows, nurture campaigns, win-back strategies, and others; campaigns, which allow customers to send one set of single-channel or multi-channel messages to be delivered to customers in a particular user segment; and event and API triggering, frequency capping and rate limiting, intelligent selection, reporting and analytics, personalization, and action products. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NASDAQ
Website: braze.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $30.00 | Neutral | Macquarie |
| 10/22/2024 | $37.00 | Buy | Stifel |
| 7/10/2024 | $56.00 | Sector Perform → Sector Outperform | Scotiabank |
| 5/29/2024 | $75.00 → $60.00 | Outperform | Oppenheimer |
| 3/21/2024 | $62.00 | Neutral → Buy | UBS |
| 12/7/2023 | $60.00 → $75.00 | Buy | BTIG Research |
| 10/24/2023 | $48.00 → $53.00 | Neutral → Buy | DA Davidson |
| 9/5/2023 | $60.00 | Buy | Citigroup |
| 8/31/2023 | $43.00 → $50.00 | Buy | BTIG Research |
| 5/18/2023 | $34.00 | Sector Perform | Scotiabank |
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Macquarie initiated coverage of Braze with a rating of Neutral and set a new price target of $30.00
Stifel initiated coverage of Braze with a rating of Buy and set a new price target of $37.00
Scotiabank upgraded Braze from Sector Perform to Sector Outperform and set a new price target of $56.00
Oppenheimer reiterated coverage of Braze with a rating of Outperform and set a new price target of $60.00 from $75.00 previously
UBS upgraded Braze from Neutral to Buy and set a new price target of $62.00
BTIG Research reiterated coverage of Braze with a rating of Buy and set a new price target of $75.00 from $60.00 previously
DA Davidson upgraded Braze from Neutral to Buy and set a new price target of $53.00 from $48.00 previously
Citigroup initiated coverage of Braze with a rating of Buy and set a new price target of $60.00
BTIG Research reiterated coverage of Braze with a rating of Buy and set a new price target of $50.00 from $43.00 previously
Scotiabank initiated coverage of Braze with a rating of Sector Perform and set a new price target of $34.00
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, is opening applications for the fifth cohort of its Tech for an Equitable Future product grant program and announcing its first-ever partnership for the program with BET+, a premium streaming entertainment service. Applications are being accepted for the Tech for an Equitable Future product grant program now through Jan. 17, 2025. The Tech for an Equitable Future program offers 20 companies with underrepresented founders, including Black and women entrepreneurs, with 12 months of free access to Braze technology and supporting resources that enable business growth and scalability.
Technology Executive Brings Expertise in Scaling and Diversifying Businesses Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced the appointment of Yvonne Wassenaar to its Board of Directors and as a member of its Audit Committee. As a tenured cloud and SaaS technology executive, Yvonne brings a wealth of expertise in scaling enterprise software companies to the board. Yvonne will replace Doug Pepper, who joined Braze's board in August of 2014, and who will remain as a Board Observer. "The power of the Braze platform and its extensibility across the customer engagement value chain is unmatched," said Wassenaar. "
Winners Include Canva, Grubhub, Warner Bros. Discovery, Ogilvy and Others Braze (NASDAQ:BRZE), the comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today announced the winners of the 2023 Torchie Awards at its ninth annual customer conference, Forge, in New York. The awards recognize leading brands and individuals from Braze customers and partners that are building the future of customer engagement by leveraging technology and forward-looking strategies to better engage and serve their audiences. The annual Braze Torchie Awards celebrate the customers, partners, and individuals within the Braze community who have found innov
SAN FRANCISCO and AMSTERDAM, Sept. 20, 2023 /PRNewswire/ -- Miro®, the visual workspace for innovation, today announced the appointment of David Obstler to the Miro Board of Directors. Obstler, who currently serves as Datadog's Chief Financial Officer, brings more than 30 years of deep financial experience, with more than 20 years specifically focused on tech companies. Prior to Datadog, Obstler served as CFO of TravelClick, OpenLink Financial, MSCI Inc., Risk Metrics Group, and Pinnacor. Prior to that, he held investment banking positions at JPMorgan, Lehman Brothers, and Gol
Tenured Global CMO Brings Relevant Marketing Industry Experience to Board Braze (NASDAQ:BRZE), the comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today announced the appointment of Fernando Machado, NotCo Global Chief Marketing Officer, to its Board of Directors. Fernando will replace Matthew Jacobson, an early investor in Braze who is stepping down from the Braze Board of Directors after more than five years of service. "Fernando is a visionary who has led some of the world's best brands and created award-winning, innovative marketing campaigns leveraging sophisticated customer engagement strategies," said Bill Magnuson,
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the third quarter of fiscal year 2025, ended October 31, 2024, after U.S. financial markets close on Monday, December 9, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Third Quarter Fiscal Year 2025 Financial Results Conference Call When: Monday, December 9th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.com
Braze (NASDAQ:BRZE) the leading customer engagement platform that empowers brands to Be Absolutely EngagingTM, today announced results for its fiscal quarter ended July 31, 2024. "We delivered a great second quarter, demonstrating strong top-line growth while driving efficiency in our business, achieving our first quarter of non-GAAP operating income profitability and non-GAAP net income profitability. Our results demonstrate our effective execution and continued demand for the Braze Customer Engagement Platform," said Bill Magnuson, cofounder and CEO of Braze. "Looking ahead, we remain steadfast in our pursuit of building the world's leading customer engagement platform and driving excep
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the second quarter of fiscal year 2025, ended July 31, 2024, after U.S. financial markets close on Thursday, September 5, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Second Quarter Fiscal Year 2025 Financial Results Conference Call When: Thursday, September 5th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.c
Braze (NASDAQ:BRZE) the leading customer engagement platform that empowers brands to Be Absolutely EngagingTM, today announced results for its fiscal quarter ended April 30, 2024. "We are off to a solid start in fiscal 2025, delivering strong results in an uneven macro, driven by returns from our long-term investments and consistent execution," said Bill Magnuson, cofounder and CEO of Braze. "Our focus remains on product differentiation, sales and marketing efficiency, and strengthening our foundations for future growth, including with global expansion that helps our customers around the world execute outstanding customer engagement at scale." Fiscal First Quarter 2025 Financial Highlig
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the first quarter of fiscal year 2025, ended April 30, 2024, after U.S. financial markets close on Thursday, June 6, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze First Quarter Fiscal Year 2025 Financial Results Conference Call When: Thursday, June 6th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.com A webc
Fourth quarter revenue grew 33% year-over-year to $131.0 million Achieved dollar-based net retention of 117% for the trailing 12 months Introduced first quarter and full year fiscal 2025 guidance Braze (NASDAQ:BRZE) the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced results for its fiscal year ended January 31, 2024. "Fiscal 2024 marked another significant year for Braze, as we strengthened our position as the leading customer engagement platform and grew revenue by 33%, helping over 2,000 global brands foster growth, loyalty, and retention," said Bill Magnuson, cofounder and CEO of Braze. "In 2023, we orchestrated the delivery
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the fourth quarter of fiscal year 2024, ended January 31, 2024, after U.S. financial markets close on Wednesday, March 27, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Fourth Quarter Fiscal Year 2024 Financial Results Conference Call When: Wednesday, March 27th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.
Third quarter revenue grew 33.1% year-over-year to $124.0 million Achieved dollar-based net retention of 118% for the trailing 12 months Recently passed $500 million of Committed Annual Recurring Revenue Braze (NASDAQ:BRZE) the leading comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today announced results for its fiscal quarter ended October 31, 2023. "We delivered another strong quarter, demonstrating our ability to balance high growth with operational efficiency," said Bill Magnuson, cofounder and CEO of Braze. "We are confidently on track to meet our profitability targets for the fourth quarter of fiscal 2024 and fo
Braze (NASDAQ:BRZE), the comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today announced it will release its financial results for the third quarter of fiscal year 2024, ended October 31, 2023, after U.S. financial markets close on Wednesday, December 6, 2023. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Third Quarter Fiscal Year 2024 Financial Results Conference Call When: Wednesday, December 6th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemen
Second quarter revenue grew 33.6% year-over-year to $115.1 million Achieved dollar-based net retention of 120% for the trailing 12 months Braze (NASDAQ:BRZE) the leading comprehensive customer engagement platform that powers interactions between consumers and the brands they love, today announced results for its fiscal quarter ended July 31, 2023. "We delivered another strong quarter, demonstrating strong top-line growth and operating efficiency," said Bill Magnuson, cofounder and CEO of Braze. "Ambitious brands around the world continue to advance and consolidate their technology ecosystem with Braze's AI-infused, real-time Customer Engagement Platform. Alongside messaging with tradi
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Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the third quarter of fiscal year 2025, ended October 31, 2024, after U.S. financial markets close on Monday, December 9, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Third Quarter Fiscal Year 2025 Financial Results Conference Call When: Monday, December 9th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.com
Recognized for Completeness of Vision and Ability to Execute Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced that it has been positioned by Gartner® as a Leader in the 2024 Magic Quadrant for Multichannel Marketing Hubs, marking the company's second consecutive position as a Leader. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute. "We believe being recognized as a Leader by Gartner® Magic Quadrant™ reinforces our commitment to helping brands meet evolving customer expectations through continued innovation," said Bill Magnuson, Cofou
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, is opening applications for the fifth cohort of its Tech for an Equitable Future product grant program and announcing its first-ever partnership for the program with BET+, a premium streaming entertainment service. Applications are being accepted for the Tech for an Equitable Future product grant program now through Jan. 17, 2025. The Tech for an Equitable Future program offers 20 companies with underrepresented founders, including Black and women entrepreneurs, with 12 months of free access to Braze technology and supporting resources that enable business growth and scalability.
New BrazeAI™ agent, codenamed Project Catalyst, will deliver 1:1 customer engagement by rapidly creating, testing, and optimizing thousands of experience variations Additional Canvas template and BrazeAI™ assistant features help marketers more easily get started and deliver sophisticated customer experiences Enhancements to the Braze Data Platform further make it easier to unify and activate customer data, including new Cloud Data Ingestion integrations with AWS S3 and Microsoft Azure, zero-copy data, automated identity resolution, and enhanced analytics Expanded channels to include LINE and RCS Business, and new WhatsApp features such as dynamic images, click tracking, and commer
Braze (NASDAQ:BRZE) the leading customer engagement platform that empowers brands to Be Absolutely EngagingTM, today announced results for its fiscal quarter ended July 31, 2024. "We delivered a great second quarter, demonstrating strong top-line growth while driving efficiency in our business, achieving our first quarter of non-GAAP operating income profitability and non-GAAP net income profitability. Our results demonstrate our effective execution and continued demand for the Braze Customer Engagement Platform," said Bill Magnuson, cofounder and CEO of Braze. "Looking ahead, we remain steadfast in our pursuit of building the world's leading customer engagement platform and driving excep
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced two new launches to help brands elevate their customer experiences and interactions. The Braze for Startups program, launching with its first venture capital (VC) partner, aims to support the next generation of customer-first brand leaders by providing startups with four months of free access to Braze. Additionally, Braze is launching a free trial of its customer engagement platform, giving brands of all sizes the opportunity to experience Braze firsthand with access for 14 days. "Our goal is to make it easy for brands of all sizes to start using our platform and
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will participate in three upcoming investor conferences with management presentations: Event: Citi Global TMT Conference Date & Time: Friday, September 6th Management Presentation: CEO and cofounder Bill Magnuson and CFO Isabelle Winkles at 9:10 - 9:50 am ET Event: Goldman Sachs Communacopia + Technology Conference Date & Time: Monday, September 9th Management Presentation: CFO Isabelle Winkles at 1:45 - 2:20 pm PT Event: Piper Sandler Growth Frontiers Conference Date & Time: Tuesday, September 10th Management Presentation: CEO and cofounder Bill Magnuson a
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the second quarter of fiscal year 2025, ended July 31, 2024, after U.S. financial markets close on Thursday, September 5, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of our Investor site at investors.braze.com. What: Braze Second Quarter Fiscal Year 2025 Financial Results Conference Call When: Thursday, September 5th at 4:30 pm ET / 1:30 pm PT Webcast & Supplemental Data: investors.braze.c
Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will hold an Investor Event on September 23, 2024 at its annual customer conference, Forge, at the Virgin Hotels Las Vegas, from 1:30-4:30 pm PT. The live broadcast and on-demand replay will be available under the events section of our Investor site at investors.braze.com. About Braze Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.™ Braze allows any marketer to collect and take action on any amount of data from any source, so they can creatively engage with customers in real time, across channels from one plat
Braze unifies its data capabilities and partner ecosystem, launches new features to help brands more easily integrate and activate data for relevant, memorable customer experiences Braze (NASDAQ:BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced the launch of the Braze Data Platform, a comprehensive, composable set of data capabilities and partner integrations designed to streamline data unification, activation, and distribution, empowering marketers to create memorable, relevant customer engagements with Braze. Unified and contextualized data is crucial for creating customer-centric marketing experiences, and brands that fai
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Piper Sandler analyst Brent Bracelin maintains Braze (NASDAQ:BRZE) with a Overweight and lowers the price target from $55 to $51.
Ratings for Braze (NASDAQ:BRZE) were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 7 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 0 0 0 2M Ago 5 4 1 0 0 3M Ago 1 1 0 0 0 Analysts have set 12-month price targets for Braze, revealing an average target of $59.5, a high estimate of $70.00, and a low estimate of $48.00. Highlighting a 7.12% decrease, the current average has fallen from
Scotiabank analyst Nick Altmann upgrades Braze (NASDAQ:BRZE) from Sector Perform to Sector Outperform and raises the price target from $48 to $56.
Across the recent three months, 27 analysts have shared their insights on Braze (NASDAQ:BRZE), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 14 11 2 0 0 Last 30D 1 0 0 0 0 1M Ago 6 5 1 0 0 2M Ago 1 1 0 0 0 3M Ago 6 5 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $62.07, along with a high estimate of $75.00 and a low estimate of $48.00. A negative
Needham analyst Scott Berg reiterates Braze (NASDAQ:BRZE) with a Buy and maintains $70 price target.
Oppenheimer analyst Brian Schwartz maintains Braze (NASDAQ:BRZE) with a Outperform and maintains $60 price target.
Needham analyst Scott Berg reiterates Braze (NASDAQ:BRZE) with a Buy and maintains $70 price target.
Citigroup analyst Tyler Radke maintains Braze (NASDAQ:BRZE) with a Buy and raises the price target from $52 to $58.
Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report. In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly higher than the economists’ consensus of 180,000. Hourly wages also surprised on the upside (4.1% year-on-year versus 3.9%), while unemployment came in slightly higher than expected (4% vs. 3.9%). The hotter-than-expected labor market data sparked a reassessment in rate-cut hopes, with traders closing the door on a July cut, lowering bets on September and currently expecting only one cut by year-end. The move in rate expectations triggered sharp increases in bond yields, with Treasuri
JMP Securities analyst Patrick Walravens reiterates Braze (NASDAQ:BRZE) with a Market Outperform and maintains $68 price target.