Needham Reaffirms Their Buy Rating on Braze (BRZE)

In a report released today, Scott Berg from Needham maintained a Buy rating on Braze (BRZEResearch Report), with a price target of $50.00. The company’s shares closed yesterday at $28.90.

Berg covers the Technology sector, focusing on stocks such as Paylocity, Five9, and BigCommerce Holdings. According to TipRanks, Berg has an average return of -3.4% and a 43.37% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Braze with a $42.00 average price target, implying a 45.33% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $46.00 price target.

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BRZE market cap is currently $2.75B and has a P/E ratio of -21.78.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRZE in relation to earlier this year. Most recently, in September 2022, Winkles Isabelle, the CFO of BRZE sold 17,062.00 shares for a total of $578,401.80.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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