Braze (BRZE)

• Market cap: $4.59B
• 1 day: 0.70%
• 5 days: 7.42%
• 1 month: 23.01%
• 3 months: 21.76%
• 6 months: 28.40%
• Year to date: -11.96%
• 1 year: -14.74%
• 5 years: -52.55%
• 10 years: -52.55%
• Sector: Information Technology
• Industry: Prepackaged Software

About: 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. The company offers a single, vertically integrated platform that encompasses the various functionalities, or layers, required for modern customer engagement: data ingestion, classification, orchestration, personalization, and action, all of which is supported by Sage AI by Braze, its AI engine designed to power AI functionality across all layers of this stack. It generates a majority of its revenue from the United States.

Employees: 1,548

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

76% more repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 58

58% more call options, than puts

Call options by funds: $11.1M | Put options by funds: $7.03M

0% less funds holding

Funds holding: 221 [Q2] → 220 (-1) [Q3]

3% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 39

11.91% less ownership

Funds ownership: 91.91% [Q2] → 80.0% (-11.91%) [Q3]

23% less capital invested

Capital invested by funds: $2.76B [Q2] → $2.13B (-$631M) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 6 (-3) [Q3]

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 32% downside
• Avg. target: $50 14% upside
• High target: $75 69% upside

15 analyst ratings

• positive: 13 87%
• neutral: 2 13%
• negative: 0 0%

Citigroup Tyler Radke 68% 1-year accuracy 42 / 62 met price target	15% upside $51	Buy Maintained	11 Dec 2024
Macquarie Ross Compton 75% 1-year accuracy 3 / 4 met price target	12% downside $39	Neutral Maintained	11 Dec 2024
DA Davidson Gil Luria 69% 1-year accuracy 29 / 42 met price target	13% upside $50	Buy Maintained	10 Dec 2024
Oppenheimer Brian Schwartz 65% 1-year accuracy 30 / 46 met price target	15% upside $51	Outperform Maintained	10 Dec 2024
Stifel Parker Lane 66% 1-year accuracy 31 / 47 met price target	8% upside $48	Buy Maintained	10 Dec 2024