Braze (BRZE – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Berg from Wells Fargo maintained a Buy rating on the stock and has a $40.00 price target.
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Michael Berg’s rating is based on several key factors that suggest a positive outlook for Braze. Despite short-term concerns about growth, the company appears well-positioned for recovery in the second half of fiscal year 2027. Management has provided clarity on revenue growth stabilization, expected to occur in fiscal year 2026, supported by strong net new bookings and improved sales productivity.
Additionally, the appointment of a new Chief Revenue Officer, Ed McDonnell, is seen as a positive development, with a focus on maturing the existing go-to-market strategy and integrating OfferFit to enhance the company’s AI capabilities. The competitive landscape is favorable, with Braze maintaining a strong moat due to its data advantage, crucial in the AI-driven market. Furthermore, Braze’s valuation, trading below high-growth software peers, presents an attractive opportunity given its differentiated offering in the customer engagement market.
In another report released on June 24, Oppenheimer also reiterated a Buy rating on the stock with a $38.00 price target.
BRZE’s price has also changed moderately for the past six months – from $44.100 to $26.740, which is a -39.37% drop .