Braze Inc [BRZE] stock is trading at $41.60, up 3.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BRZE shares have gain 9.70% over the last week, with a monthly amount glided 15.49%, and 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 July 10, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $56 for it. Previously, Oppenheimer reaffirmed its Outperform rating on May 29, 2024, and dropped its price target to $60. On March 21, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $62 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $75 on December 07, 2023. DA Davidson upgraded its rating to a Buy and raised its price target to $53 on October 24, 2023. Citigroup started tracking with a Buy rating for this stock on September 05, 2023, and assigned it a price target of $60. In a note dated August 31, 2023, BTIG Research reiterated an Buy rating on this stock and boosted its target price from $43 to $50.
Braze Inc [BRZE] stock has fluctuated between $33.93 and $61.53 over the past year. Currently, Wall Street analysts expect the stock to reach $58.09 within the next 12 months. Braze Inc [NASDAQ: BRZE] shares were valued at $41.60 at the most recent close of the market. An investor can expect a potential return of 39.64% based on the average BRZE price forecast.
Analyzing the BRZE fundamentals
Braze Inc [NASDAQ:BRZE] reported sales of 505.48M for the trailing twelve months, which represents a growth of 33.09%. 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 40.59 points at the first support level, and at 39.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.12, and for the 2nd resistance point, it is at 42.64.
Ratios To Look Out For
For context, Braze Inc’s Current Ratio is 1.96. Further, the Quick Ratio stands at 1.96, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 8.36, the price to book ratio is 9.64.
Transactions by insiders
Recent insider trading involved Wiseman Susan, General Counsel, that happened on Jul 11 ’24 when 3558.0 shares were sold. Chief Financial Officer, Winkles Isabelle completed a deal on Jul 01 ’24 to sell 4500.0 shares. Meanwhile, Chief Accounting Officer Malik Pankaj sold 2262.0 shares on Jun 28 ’24.
