Needham analyst Scott Berg maintained a Buy rating on Braze today and set a price target of $50.00.
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Scott Berg has given his Buy rating due to a combination of factors that remain intact despite modest model adjustments for the fourth quarter of fiscal 2026. While he now anticipates slightly weaker gross margins for the period, his overall revenue outlook and Non-GAAP earnings per share projections are unchanged, signaling continued confidence in Braze’s underlying growth trajectory.
To balance the anticipated margin pressure, Berg expects operating expenses to come in lower than previously modeled, which helps preserve the company’s profitability profile. This recalibration suggests that management is demonstrating cost discipline, and, together with steady top-line expectations, supports his positive long-term view on the stock and justifies maintaining a Buy recommendation.
In another report released on March 20, TD Cowen also maintained a Buy rating on the stock with a $30.00 price target.
Based on the recent corporate insider activity of 72 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.