A share price of Braze Inc [BRZE] is currently trading at $31.96, up 3.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The BRZE shares have gain 2.44% over the last week, with a monthly amount drifted -1.18%, 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 October 22, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $37. Previously, Scotiabank upgraded its rating to Sector Outperform on July 10, 2024, and kept the price target unchanged to $56. On May 29, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $60 on the stock. UBS upgraded its rating to a Buy but stick to its price target of $62 on March 21, 2024. BTIG Research reiterated its recommendation of a Buy and raised its price target to $75 on December 07, 2023. DA Davidson upgraded its rating to Buy for this stock on October 24, 2023, and upped its price target to $53. In a note dated September 05, 2023, Citigroup initiated an Buy rating and provided a target price of $60 on this stock.
Braze Inc experienced fluctuations in its stock price throughout the past year between $29.18 and $61.53. Currently, Wall Street analysts expect the stock to reach $55.77 within the next 12 months. Braze Inc [NASDAQ: BRZE] shares were valued at $31.96 at the most recent close of the market. An investor can expect a potential return of 74.5% based on the average BRZE price forecast.
Analyzing the BRZE fundamentals
Trailing Twelve Months sales for Braze Inc [NASDAQ:BRZE] were 535.87M which represents 26.40% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.27 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 31.07 points at the first support level, and at 30.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.56, and for the 2nd resistance point, it is at 33.15.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Braze Inc [NASDAQ:BRZE] is 2.03. On the other hand, the Quick Ratio is 2.03, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 6.13, the price to book ratio is 7.18.
Transactions by insiders
Recent insider trading involved Lee Roger H, 10% Owner, that happened on Oct 11 ’24 when 56830.0 shares were sold. Director, Machado Fernando completed a deal on Oct 07 ’24 to sell 1377.0 shares. Meanwhile, Director Machado Fernando bought 1377.0 shares on Oct 07 ’24.
