On Monday, BTIG reiterated its Buy rating on Braze Inc (NASDAQ:BRZE), maintaining a $62.00 price target for the company's shares.
The endorsement follows the annual Braze Forge user conference, which included an Investor Day and showcased the company's strong market position.
"Based on our conversations with the attendees, there is a clear demand for the Braze platform and the advanced capabilities that continue to outpace the big stack competition - despite relentless marketing about AI and other big picture promises," said BTIG analysts.
Conversations with several large enterprise customers revealed interest in exploring significant expansions of Braze's services across various business units. These customers acted as advocates for the platform, indicating a solid user base. The event also highlighted a growing list of tech partners that are integrating with the Braze ecosystem, offering unique features that stand out from the competition.
Despite the absence of bullish financial guidance during the Investor Day, BTIG expressed increased confidence in Braze's long-term growth prospects. However, they noted that the short-term growth trajectory could be influenced by the current macroeconomic environment. The firm's stance suggests a positive outlook for Braze Inc, with the company's innovative platform and expanding partnerships reinforcing its market position.
In other recent news, Braze Inc. reported a 26% increase in its fiscal second quarter 2025 revenue, reaching $145.5 million, and added 61 new customers, bringing the total to 2,163. Revenue for the third quarter is projected to be between $147.5 million and $148.5 million, with full fiscal year 2025 revenue expected to be between $582.5 million and $585.5 million.
JPMorgan reaffirmed its Overweight rating on Braze, pointing out the company's innovation and approach to redefining the marketing technology stack. Goldman Sachs also reiterated its Buy rating, noting Braze's commitment to the Rule of 40 principle, which balances growth with profitability. TD Cowen, despite lowering its price target for Braze, maintained its Buy rating, highlighting Braze's strategies aimed at achieving a return to the Rule of 40. Piper Sandler kept its Overweight rating and Loop Capital maintained its Buy rating, citing potential growth in AI.
InvestingPro Insights
Building on BTIG's positive outlook for Braze Inc (NASDAQ:BRZE), recent InvestingPro data offers additional context to the company's financial position. Despite the absence of bullish financial guidance noted in the article, InvestingPro Tips reveal that 11 analysts have revised their earnings upwards for the upcoming period, suggesting growing confidence in Braze's near-term performance.
The company's revenue growth remains strong, with InvestingPro data showing a 31.12% increase in the last twelve months as of Q2 2025, aligning with the article's mention of long-term growth prospects. However, investors should note that Braze is currently trading near its 52-week low, with a -25.82% price return over the past month, which may present a potential entry point for those bullish on the company's future.
Braze's financial health appears solid, as an InvestingPro Tip indicates that the company holds more cash than debt on its balance sheet. This financial stability could support the company's ability to invest in its platform and partnerships, as highlighted in the article.
For readers interested in a deeper analysis, InvestingPro offers 5 additional tips for Braze, providing a more comprehensive view of the company's financial landscape.
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