These Analysts Revise Their Forecasts On Braze After Q1 Results

Braze, Inc. BRZE posted better-than-expected first-quarter earnings on Thursday.

Braze reported first-quarter revenue of $135.459 million, beating estimates of $131.668 million. The company reported a first-quarter adjusted loss of 5 cents per share, beating estimates for a loss of 10 cents per share, according to Benzinga Pro.

Total customers increased to 2,102 as of April 30, up from 1,866 year-over-year.

"We are off to a solid start in fiscal 2025, delivering strong results in an uneven macro, driven by returns from our long-term investments and consistent execution," said Bill Magnuson, co-founder and CEO of Braze.

Braze said it expects second-quarter revenue to be between $140.5 million and $141.5 million versus estimates of $139.781 million. The company anticipates a second-quarter adjusted earnings loss of 3 cents to 4 cents per share versus estimates for a loss of 4 cents per share.

The company sees full-year revenue in the range of $577 million to $581 million versus estimates of $573.972 million. The company expects a full-year adjusted earnings loss of 6 cents to 10 cents per share versus estimates for a loss of 9 cents per share.

Braze shares gained 2% to close at $36.78 on Thursday.

These analysts made changes to their price targets on Braze after the company reported quarterly results.

• Piper Sandler cut the price target on Braze from $66 to $55. Piper Sandler analyst Brent Bracelin maintained an Overweight rating.
• Canaccord Genuity increased Braze price target from $50 to $53. Canaccord Genuity analyst David Hynes maintained a Buy rating on the stock.
• Needham analyst Scott Berg, meanwhile, reiterated Braze with a Buy and maintained a $70 price target.

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