Braze, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Berg from Needham maintained a Buy rating on the stock and has a $50.00 price target.
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Scott Berg has given his Buy rating due to a combination of factors, including Braze’s anticipated strong performance in its upcoming earnings report for the third quarter of 2026. The company is expected to exceed the 24% cRPO growth expectation, building on the momentum from its robust second quarter, which was one of the strongest since its IPO in 2021.
Additionally, Berg highlights the promising outlook for the Customer Engagement/Marketing Software sector, which is poised to benefit from the introduction of new AI-driven functionalities. Braze is positioned to capitalize on this trend, with its Decisioning Studio (OfferFit) expected to see significant adoption. Furthermore, the potential impact of new budget allocations in the upcoming fiscal year could further enhance Braze’s growth prospects, making it a compelling investment opportunity.
In another report released on December 5, Stifel Nicolaus also maintained a Buy rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRZE in relation to earlier this year.