In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Braze (BRZE – Research Report), with a price target of $68.00. The company’s shares closed yesterday at $50.58.
Walravens covers the Technology sector, focusing on stocks such as Vertex, Sprinklr, and Adobe. According to TipRanks, Walravens has an average return of -7.4% and a 38.10% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Braze with a $69.80 average price target, implying a 38.00% upside from current levels. In a report released today, TD Cowen also reiterated a Buy rating on the stock with a $65.00 price target.
BRZE market cap is currently $5.09B and has a P/E ratio of -35.52.
Based on the recent corporate insider activity of 120 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.
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Braze (BRZE) Company Description:
Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries.
