3 Reasons Wall Street Is Backing Braze Stock Right Now
From Nasdaq: 2025-04-05 07:00:00
Braze Inc. (NASDAQ: BRZE) offers powerful tools for companies to manage customer data and engage with customers effectively. Analysts on Wall Street are bullish on BRZE stock, with a consensus price target of $53 per share, indicating a 48% upside potential.
Braze recently acquired OfferFit for $325 million to enhance messaging relevance and drive improved ROI for its customers. The acquisition is expected to benefit Braze’s enterprise and global strategic accounts.
In the final quarter of fiscal 2025, Braze reported a 22% YOY revenue increase, beating analyst expectations with an EPS of 12 cents. Several analysts raised their price targets for BRZE shares after the strong earnings performance.
Braze’s future outlook is promising, with a 17% YOY revenue increase projected, even before factoring in the impact of the OfferFit acquisition. The company is expanding its customer base and gaining market share across different industries.
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