Braze (BRZE) stock surged on Friday after the customer engagement platform operator posted its earnings report for Fiscal Q2 2026. This report started with adjusted earnings per share of 15 cents, which was well above Wall Street’s estimate of 3 cents. It also represented a 66.67% increase year-over-year compared to 9 cents per share.
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Another highlight from the Braze earnings report was revenue of $180.1 million, which was another beat compared to analysts’ estimate of $171.61 million. Investors will also note that the company’s revenue increased 23.8% year-over-year from $145.5 million. The company attributed this revenue gain to new customers, upsells, and renewals.
Braze stock was up 25.67% in pre-market trading on Friday, following a 2.48% rally yesterday. The shares have fallen 33.95% year-to-date and 22.24% over the past 12 months.
Braze Guidance
Braze provided investors with updated guidance in its latest earnings report. The company expects Fiscal Q3 2026 adjusted EPS to range from 6 cents to 7 cents, alongside revenue of $183.5 million to $184.5 million. For comparison, Wall Street’s estimates for the quarter include adjusted EPS of 4 cents and revenue of $182.6 million.
Braze also updated its guidance for Fiscal 2026 in its most recent earnings report. It expects adjusted EPS of 41 cents to 42 cents on revenue of $717 million to $720 million. That’s looking good next to Wall Street’s estimate of 41 cents per share and revenue of $714.04 million.
Is Braze Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Braze is Strong Buy, based on 17 Buy and two Hold ratings over the past three months. With that comes an average BRZE stock price target of $40.56, representing a potential 46.64% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
