Citigroup Cuts Braze (NASDAQ:BRZE) Price Target to $46.00

Braze (NASDAQ:BRZE) had its price target trimmed by Citigroup from $53.00 to $46.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on BRZE. Stifel Nicolaus lowered their price objective on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday. Oppenheimer decreased their target price on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday. DA Davidson lowered their price target on Braze from $42.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of Braze in a research report on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Braze Price Performance

Braze stock opened at $23.00 on Wednesday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -18.85 and a beta of 1.08. The company’s 50 day simple moving average is $19.80 and its 200 day simple moving average is $26.44. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $43.89.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, March 24th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $205.17 million during the quarter, compared to the consensus estimate of $198.23 million. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. As a group, analysts predict that Braze will post -0.98 EPS for the current fiscal year.

Insider Transactions at Braze

In other Braze news, CAO Pankaj Malik sold 2,893 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $48,978.49. Following the completion of the transaction, the chief accounting officer owned 50,679 shares in the company, valued at approximately $857,995.47. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Astha Malik sold 14,049 shares of Braze stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the sale, the insider directly owned 205,289 shares in the company, valued at $3,475,542.77. This represents a 6.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 60,676 shares of company stock worth $1,027,661. Company insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in Braze by 23.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,226 shares of the company’s stock valued at $556,000 after acquiring an additional 3,134 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the last quarter. Invesco Ltd. grew its stake in shares of Braze by 9.5% during the 4th quarter. Invesco Ltd. now owns 97,486 shares of the company’s stock worth $3,343,000 after acquiring an additional 8,495 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Braze by 7.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,878 shares of the company’s stock valued at $784,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Papamarkou Wellner Asset Management inc. acquired a new stake in shares of Braze in the fourth quarter valued at approximately $331,000. 90.47% of the stock is currently owned by institutional investors.

Braze News Roundup

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Company reported a hot quarter with ~28% revenue growth, a swollen backlog/RPO (~$1B) and raised FY2027 revenue and EPS guidance, which drove initial buying interest. Braze Stock Rallies as Revenue Beats, Buybacks Begin, and Outlook Jumps
• Positive Sentiment: Board authorized $100M in buybacks including a $50M accelerated share repurchase (ASR) — a direct capital-return step that reduces float and supported the rally. Braze Stock Rallies as Revenue Beats, Buybacks Begin, and Outlook Jumps
• Positive Sentiment: Several firms raised ratings/targets or reiterated bullish views (e.g., DA Davidson raised its target), bolstering momentum and drawing institutional buying. Braze price target raised to $33 from $30 at DA Davidson
• Neutral Sentiment: Unusually high options activity was noted around BRZE, indicating elevated speculative positioning and potential for sharper intraday moves independent of fundamentals. Braze Target of Unusually High Options Trading (NASDAQ:BRZE)
• Neutral Sentiment: Market roundups and coverage (MSN, MarketBeat, Motley Fool) amplified the story — increasing attention can magnify short-term swings but doesn’t change the underlying fundamentals. 10 Stocks Dominating The Market Today: Best Buy, Figma, Navan, and More
• Negative Sentiment: Multiple brokerages trimmed price targets or lowered expectations (UBS, Stifel, Citigroup, Oppenheimer and others reported cuts), creating mixed analyst signals despite some upgrades — a source of selling pressure for some investors. UBS Group Lowers Braze (NASDAQ:BRZE) Price Target to $28.00
• Negative Sentiment: Although revenue beat, margins and prior EPS misses keep some investors cautious; the shares remain volatile as the market digests whether AI-driven demand and margin improvement will sustainably lift profitability. Why Braze Stock Surged Today

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.