Oppenheimer analyst Brian Schwartz maintained a Buy rating on Braze (BRZE – Research Report) today and set a price target of $48.00. The company’s shares closed yesterday at $29.49.
Schwartz covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Workday. According to TipRanks, Schwartz has an average return of 17.5% and a 58.39% success rate on recommended stocks.
Braze has an analyst consensus of Strong Buy, with a price target consensus of $52.00, implying a 76.33% upside from current levels. In a report released on October 12, JMP Securities also maintained a Buy rating on the stock with a $52.00 price target.
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Based on Braze’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $86.13 million and a GAAP net loss of $32.89 million. In comparison, last year the company earned a revenue of $55.76 million and had a GAAP net loss of $12.23 million
Based on the recent corporate insider activity of 107 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. Last month, 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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