William Blair analyst Arjun Bhatia has reiterated their bullish stance on BRZE stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Braze’s strong performance and future potential. The company has shown impressive revenue growth, surpassing market expectations with a 26% increase, and has demonstrated solid booking trends and a significant rise in new customer acquisitions. This growth is attributed to Braze’s ability to outperform legacy marketing vendors, particularly through its advanced functionality and data capabilities, as well as the increasing role of AI in its offerings.
Looking ahead, Bhatia is optimistic about Braze’s prospects as it continues to capitalize on its competitive advantages. The anticipated improvements in retention trends and the promising developments in AI, such as the Braze Agent Console and AI Decisioning Studio, are expected to contribute significantly to the company’s growth in fiscal 2027. Despite some challenges from past contract downsells, the outlook remains positive, with the stock trading at an attractive valuation relative to its revenue estimates, suggesting further upside potential.
In another report released today, Citi also maintained a Buy rating on the stock with a $53.00 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.