Could Braze Inc. (BRZE) stock price achieve new all-time highs if its expected earnings and revenue increase?

Stocks of Braze Inc. (NASDAQ:BRZE) traded higher last session on Wall Street, up 1.63% to $33.05.

According to the data, Braze Inc. (NASDAQ:BRZE) has 15 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $30.00, we find $39.00. Given the previous closing price of $32.52, this indicates a potential upside of 19.93 percent. BRZE stock price is now 9.36% away from the 50-day moving average and -2.99% away from the 200-day moving average. The market capitalization of the company currently stands at $3.00B.

A total of 1 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $39.36 as their price target over the next twelve months.

With the price target of $34, DA Davidson recently initiated with Neutral rating for Braze Inc. (NASDAQ: BRZE). On January 12, 2023, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $34, while ‘Oppenheimer’ rates the stock as ‘Outperform’.

In other news, Winkles Isabelle, Chief Financial Officer sold 1,000 shares of the company’s stock on Mar 01. The stock was sold for $30,770 at an average price of $30.77. Upon completion of the transaction, the Chief Financial Officer now directly owns 28,963 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, Chief Accounting Officer Malik Pankaj sold 2,247 shares of the business’s stock. A total of $73,072 was realized by selling the stock at an average price of $32.52. This leaves the insider owning 74,893 shares of the company worth $2.48 million. Insiders disposed of 1,375,630 shares of company stock worth roughly $45.46 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in BRZE stock. A new stake in Braze Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $5,576,000. POLAR CAPITAL HOLDINGS PLC invested $3,993,000 in shares of BRZE during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in Braze Inc. valued at approximately $1,214,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in BRZE for approximately $855,000. JEFFERIES FINANCIAL GROUP INC. purchased a new stake in BRZE valued at around $735,000 in the second quarter. In total, there are 146 active investors with 74.70% ownership of the company’s stock.

Tuesday’s opening bell rang with an opening price of $32.67 for Braze Inc. (NASDAQ: BRZE). During the past 12 months, Braze Inc. has had a low of $22.53 and a high of $50.97. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 3.10. The fifty day moving average price for BRZE is $30.22 and a two-hundred day moving average price translates $34.07 for the stock.

The latest earnings results from Braze Inc. (NASDAQ: BRZE) was released for Oct, 2022. According to the Software – Application Company, earnings per share came in at -$0.15, beating analysts’ expectations of -$0.22 by 0.07. This compares to -$0.44 EPS in the same period last year. The net profit margin was -45.40% and return on equity was -31.10% for BRZE. The company reported revenue of $93.12 million for the quarter, compared to $63.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.58 percent. For the current quarter, analysts expect BRZE to generate $95.69M in revenue.

Braze Inc.(BRZE) Company Profile

Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands’ existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners. The company also offers classification products, including segmentation that can define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators, and helps to understand the factors that determine which consumers belong to a particular segment; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, it provides personalization and action products; and orchestration products, which include Canvas, an orchestration tool that allows customers to create journeys, mapping out multi-steps, and cross-channel messaging experiences, which include onboarding flows, nurture campaigns, win-back strategies, and others; campaigns, which allow customers to send one set of single-channel or multi-channel messages to be delivered to customers in a particular user segment; event and API triggering; frequency capping and rate limiting; intelligent selection; and reporting and analytics. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.