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Investing.com - Oppenheimer maintained its Outperform rating and $38.00 price target on Braze Inc (NASDAQ:BRZE) on Thursday, citing recent customer survey results that provide insight into business conditions. According to InvestingPro data, analysts are notably bullish on Braze , with 16 analysts recently revising earnings estimates upward and price targets ranging from $38 to $68.
The survey results revealed stable demand through year-end for the customer engagement platform, with confidence in secular growth trends like AI and personalization remaining intact despite some customer caution about 2026 spending.
Oppenheimer noted the survey suggests stable net revenue retention (NRR) and year-end spending plans with Braze, increasing confidence in current estimates despite ongoing AI-related concerns surrounding the stock.
The research firm indicated these AI fears are "unlikely to abate soon," though it believes Braze is well-positioned for an AI-driven future due to its "numerous and referenceable AI-optimized marketing use cases."
Braze offers a customer engagement platform that helps brands deliver personalized experiences across channels, with the company increasingly incorporating AI capabilities into its product offerings.
In other recent news, Braze Inc. has been the focus of several analyst updates following its annual Forge customer conference in Las Vegas. Goldman Sachs reiterated its Buy rating on Braze, maintaining a price target of $52, highlighting the company’s new product announcements that integrate artificial intelligence into marketing workflows. Similarly, DA Davidson also maintained a Buy rating with a $40 price target, citing positive takeaways from the event after engaging with Braze’s management and partners. Cantor Fitzgerald echoed this sentiment, reiterating an Overweight rating with a $38 price target, emphasizing the AI enhancements like the Braze AI Decisioning Studio, Operator, and Agent Console as growth drivers. Needham also reaffirmed its Buy rating and set a $50 price target, noting the momentum in AI adoption and the significance of the Forge 2025 event, which was the largest customer conference for Braze to date. Stifel maintained a Buy rating with a $40 price target, pointing out Braze’s recent significant top-line performance. These developments underscore the growing interest in Braze’s AI-driven initiatives and its potential impact on the customer engagement market.
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