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 shift in sentiment is evident as analysts have decreased the average price target by 5.54%.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Braze is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Berg | Needham | Maintains | Buy | $70.00 | $70.00 |
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $60.00 | $60.00 |
| Scott Berg | Needham | Maintains | Buy | $70.00 | $70.00 |
| Tyler Radke | Citigroup | Raises | Buy | $58.00 | $52.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $68.00 | $68.00 |
| Brian Peterson | Raymond James | Lowers | Outperform | $55.00 | $65.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $55.00 | $66.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $53.00 | $50.00 |
| Scott Berg | Needham | Maintains | Buy | $70.00 | $70.00 |
| Nick Altmann | Scotiabank | Lowers | Sector Perform | $48.00 | $58.00 |
| J. Derrick Wood | TD Cowen | Lowers | Buy | $52.00 | $65.00 |
| Matt VanVliet | BTIG | Lowers | Buy | $62.00 | $68.00 |
| Brian Schwartz | Oppenheimer | Lowers | Outperform | $60.00 | $75.00 |
| Michael Turrin | Wells Fargo | Lowers | Overweight | $65.00 | $75.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $50.00 | $65.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $66.00 | $66.00 |
| Brian Peterson | Raymond James | Lowers | Outperform | $65.00 | $75.00 |
| J. Derrick Wood | TD Cowen | Lowers | Buy | $65.00 | $68.00 |
| Gil Luria | DA Davidson | Maintains | Buy | $65.00 | $65.00 |
| Nick Altmann | Scotiabank | Lowers | Sector Perform | $58.00 | $65.00 |
| Pinjalim Bora | JP Morgan | Lowers | Overweight | $58.00 | $60.00 |
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $75.00 | - |
| David Hynes | Canaccord Genuity | Lowers | Buy | $65.00 | $70.00 |
| Scott Berg | Needham | Maintains | Buy | $70.00 | - |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $66.00 | $66.00 |
| Gil Luria | DA Davidson | Maintains | Buy | $65.00 | $65.00 |
| Taylor McGinnis | UBS | Announces | Buy | $62.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Braze. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Braze compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Braze's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Braze's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Braze analyst ratings.
Unveiling the Story Behind Braze
Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries. The company offers a single, vertically integrated platform that encompasses the various functionalities, or layers, required for modern customer engagement: data ingestion, classification, orchestration, personalization, and action, all of which is supported by Sage AI by Braze, its AI engine designed to power AI functionality across all layers of this stack. It generates a majority of its revenue from the United States.
Braze: A Financial Overview
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Braze's revenue growth over a period of 3 months has been noteworthy. As of 30 April, 2024, the company achieved a revenue growth rate of approximately 3.44%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Braze's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -26.31%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Braze's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -8.1%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Braze's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.38%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Braze's debt-to-equity ratio is below the industry average at 0.2, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.