These Analysts Revise Their Forecasts On Braze Following Upbeat Q2 Results
Braze Inc (NASDAQ:BRZE) reported upbeat earnings for the second quarter on Tuesday.
The company posted quarterly earnings of 19 cents per share which beat the analyst consensus estimate of 16 cents per share. The company reported quarterly sales of $227.230 million which beat the analyst consensus estimate of $219.918 million.
Braze raised its FY2027 adjusted EPS guidance from $0.61-$0.65 to $0.64-$0.65 and also raised its sales guidance from $895.000 million-$899.000 million to $910.000 million-$913.000 million.
“Our strong second quarter results underscore the essential role Braze plays for brands globally, delivering 26% year-over-year revenue growth alongside improving operating leverage and record second quarter free cash flow,” said Bill Magnuson, Cofounder and CEO of Braze.
Braze shares fell 13.7% to $26.15 in pre-market trading.
These analysts made changes to their price targets on Braze following earnings announcement.
- Piper Sandler analyst Billy Fitzsimmons reiterated Braze with an Overweight rating and raised the price target from $27 to $30.
- Stephens & Co. analyst Brett Huff maintained the stock with an Overweight rating and raised the price target from $31 to $34.
- Citizens analyst Patrick Walravens reiterated the stock with a Market Outperform and maintained a $35 price target.
- BTIG analyst Nick Altmann reiterated the stock with a Buy and maintained a $35 price target.
- Needham analyst Scott Berg reiterated the stock with a Buy and maintained a $50 price target.
Considering buying BRZE stock? Here’s what analysts think:
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