DA Davidson Has Bullish Forecast for Braze FY2025 Earnings

Braze, Inc. (NASDAQ:BRZE) – Equities researchers at DA Davidson raised their FY2025 earnings per share estimates for Braze in a note issued to investors on Tuesday, December 10th. DA Davidson analyst G. Luria now anticipates that the company will earn ($0.98) per share for the year, up from their previous forecast of ($1.02). DA Davidson currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for Braze’s current full-year earnings is ($1.01) per share. DA Davidson also issued estimates for Braze’s FY2026 earnings at ($0.91) EPS.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their price target on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. UBS Group dropped their target price on Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Loop Capital reiterated a “buy” rating and set a $75.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Finally, Barclays lowered their price target on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, August 26th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Braze Trading Down 0.9 %

Shares of BRZE stock opened at $41.63 on Thursday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -36.52 and a beta of 1.15. The firm has a 50-day moving average price of $35.11 and a 200 day moving average price of $37.32. Braze has a twelve month low of $29.18 and a twelve month high of $61.53.

Institutional Investors Weigh In On Braze

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Braze by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Braze in the second quarter worth approximately $10,166,000. Victory Capital Management Inc. increased its stake in shares of Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after purchasing an additional 19,567 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Braze during the 2nd quarter valued at $971,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after purchasing an additional 51,411 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Braze news, major shareholder Roger H. Lee sold 56,830 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $30.27, for a total transaction of $1,720,244.10. Following the sale, the insider now owns 56,830 shares in the company, valued at approximately $1,720,244.10. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jonathan Hyman sold 6,930 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $238,738.50. Following the completion of the sale, the chief technology officer now owns 163,020 shares of the company’s stock, valued at approximately $5,616,039. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,979 shares of company stock worth $3,688,914 over the last ninety days. Company insiders own 24.03% of the company’s stock.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.