At the time of writing, Braze Inc [BRZE] stock is trading at $35.90, up 1.96%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BRZE shares have gain 2.19% over the last week, with a monthly amount drifted -13.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Braze Inc [NASDAQ: BRZE] stock has seen the most recent analyst activity on May 29, 2024, when Oppenheimer reiterated its Outperform rating and also revised its price target to $60 from $75. Previously, UBS upgraded its rating to Buy on March 21, 2024, and kept the price target unchanged to $62. On December 07, 2023, BTIG Research reiterated its Buy rating and revised its price target to $75 on the stock. DA Davidson upgraded its rating to a Buy and increased its price target to $53 on October 24, 2023. Citigroup initiated its recommendation with a Buy and recommended $60 as its price target on September 05, 2023. BTIG Research reiterated a Buy rating for this stock on August 31, 2023, and upped its price target to $50. In a note dated May 18, 2023, Scotiabank initiated an Sector Perform rating and provided a target price of $34 on this stock.
For the past year, the stock price of Braze Inc fluctuated between $33.93 and $61.53. Currently, Wall Street analysts expect the stock to reach $57.36 within the next 12 months. Braze Inc [NASDAQ: BRZE] shares were valued at $35.90 at the most recent close of the market. An investor can expect a potential return of 59.78% based on the average BRZE price forecast.
Analyzing the BRZE fundamentals
According to Braze Inc [NASDAQ:BRZE], the company’s sales were 505.48M for trailing twelve months, which represents an 33.09% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.29 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.10 points at the first support level, and at 34.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.57, and for the 2nd resistance point, it is at 37.25.
Ratios To Look Out For
It is important to note that Braze Inc [NASDAQ:BRZE] has a current ratio of 1.96. In addition, the Quick Ratio stands at 1.96 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 7.22, the price to book ratio is 8.32.
Transactions by insiders
Recent insider trading involved Malik Pankaj, Chief Accounting Officer, that happened on Jun 21 ’24 when 2618.0 shares were sold. Chief Financial Officer, Winkles Isabelle completed a deal on Jun 03 ’24 to sell 4500.0 shares. Meanwhile, Pres & CCO Kleeger Myles sold 6344.0 shares on May 20 ’24.
