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On Tuesday, Citi analysts reaffirmed their Buy rating on Braze Inc (NASDAQ: NASDAQ:BRZE), maintaining a price target of $55. Currently trading at $36.52, the stock sits between analyst targets ranging from $38 to $75. This decision comes as the analysts expressed cautious optimism ahead of Braze’s fiscal first quarter earnings report due June 5, noting positive partner feedback on deal velocity, sales cycles, and large deal signings.
The analysts highlighted that despite the positive indicators, there remains some conservatism due to concerns about tariffs and macroeconomic volatility, which might limit adjustments to full-year guidance beyond the anticipated upside in the first quarter. InvestingPro data shows 13 analysts have revised their earnings upwards for the upcoming period, suggesting growing confidence in the company’s prospects.
Citi’s analysts have kept their fiscal year 2026 estimates largely unchanged, aligning them with the midpoint of Braze’s guidance. This stability in estimates has resulted in the price target remaining at $55, as the analysts updated their software valuation regression inputs. With impressive revenue growth of 25.78% and strong financial health indicators, Braze continues to demonstrate solid fundamentals. For deeper insights into Braze’s valuation and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro.
The analysts emphasized their continued Buy rating on Braze, citing the company’s steady execution, pace of innovation, and potential for greater upside in the second half of the year.
Braze Inc, a customer engagement platform, has been noted for its robust performance and strategic advancements in the market, which are reflected in Citi’s maintained outlook.
In other recent news, Braze has completed its acquisition of OfferFit, an AI decisioning company, aiming to enhance its customer engagement capabilities by integrating OfferFit’s machine learning technology. This strategic move aligns with Braze’s ongoing development of Project Catalyst, a native AI agent designed to personalize customer experiences. Analysts have provided varied updates on Braze’s stock, reflecting different perspectives on the company’s financial health and strategic direction. Stifel adjusted its price target for Braze to $45 from $50, maintaining a Buy rating, citing confidence in Braze’s market share gains and innovation focus. Meanwhile, Goldman Sachs reiterated its Buy rating with a $50 price target, emphasizing Braze’s resilience despite market volatility and its potential to benefit from increased AI initiatives. Macquarie raised its price target slightly to $40, maintaining a neutral stance, and highlighted Braze’s strong performance, surpassing top-line expectations. In contrast, Citi increased its price target to $55 from $50, following Braze’s robust fiscal year 2025 finish and promising guidance for fiscal year 2026, excluding OfferFit’s contribution. These developments indicate Braze’s strategic positioning and growth potential in the evolving martech industry.
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