Needham Reiterates Buy Rating on Braze Inc (BRZE)

Needham analyst Scott Berg reiterated a Buy rating and $50.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst commented: "Braze delivered a strong quarter with GTM changes and an AI tailwind driving a 3rd quarter of organic revenue growth acceleration, revenue upside on the upper end of its historical range, and a 2nd consecutive quarter of sales metrics (cRPO/NDRR acceleration and an impressive net new 30 customers >$500k ARR), suggesting recent demand trends are durable. The strong sales quarter and much higher than expected guidance suggests FY27 organic revenue growth can remain in the low 20% range, above prior Street expectations of high teens. Braze announced the early release of two new AI modules whose significant Beta use suggests Braze has additional AI cross-sell opportunities to drive potential upside to our FY27 expectations. Initial guidance of a 10% operating margin exiting FY27 suggests Braze is committed to its profitability targets."

For an analyst ratings summary and ratings history on Braze Inc click here. For more ratings news on Braze Inc click here.

Shares of Braze Inc closed at $18.02 yesterday.

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