Braze Analysts Riase Their Forecasts After Strong Q1 Results - Braze (NASDAQ:BRZE)
Braze, Inc. BRZE posted upbeat first-quarter results and issued strong forecast.
Braze posted a quarterly loss of 13 cents per share, versus market estimates for a loss of 18 cents per share. The companys sales came in at $101.78 million, beating expectations of $100.44 million.
Braze said it sees Q2 loss of 13 cents to 14 cents per share on revenue of $108 million to 109 million.
Braze shares jumped 22% to trade at $41.42 on Friday.
- Piper Sandler raised the price target on Braze from $40 to $43. Piper Sandler analyst Brent Bracelin maintained an Overweight rating.
- UBS increased the price target on Braze from $35 to $38. UBS analyst Taylor McGinnis maintained a Neutral rating.
- Wells Fargo raised Braze price target from $37 to $43. Wells Fargo analyst Michael Linenberg maintained an Overweight rating.
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