Alexei Gogolev, an analyst from J.P. Morgan, reiterated the Buy rating on Braze. The associated price target is $45.00.
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Alexei Gogolev has given his Buy rating due to a combination of factors that highlight Braze’s strong market position and growth potential. The company reported impressive financial results for the third quarter of fiscal year 2026, surpassing expectations with significant organic revenue growth driven by new customer acquisitions and expanded enterprise relationships. Braze’s innovative approach, particularly in AI-driven products such as the BrazeAI Decisioning Studio and ChatGPT integrations, has reinforced its leadership in the marketing technology sector.
Additionally, Braze’s robust pipeline and strong renewal rates, along with upsells and new business, have contributed to a solid expansion in remaining performance obligations. The company’s focus on balancing growth with profitability, aiming for an 8% adjusted operating margin in fiscal year 2027, further supports the positive outlook. The company’s strategic advancements and recognition in the industry, coupled with its ability to mitigate churn and enhance sales productivity, underscore its potential for sustained growth and justify the Buy rating with a price target of $45 per share by the end of 2026.
In another report released today, Citi also reiterated a Buy rating on the stock with a $53.00 price target.
BRZE’s price has also changed slightly for the past six months – from $30.650 to $30.650, which is a 0% increase.