Braze Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
Braze, Inc. (NASDAQ:BRZE) reported better-than-expected Q2 results, with a loss of 4 cents per share and sales of $115.11 million, beating market expectations. The company forecasts FY24 loss of 37-39 cents per share and revenue of $451.5-454.5 million. Following the earnings announcement, Piper Sandler, Needham, and Raymond James raised their price targets on Braze.
September 08, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Braze's better-than-expected Q2 results and raised price targets by analysts may positively impact its stock price in the short term.
Braze's Q2 results exceeded market expectations, which is generally a positive signal for investors. Additionally, the raised price targets by Piper Sandler, Needham, and Raymond James indicate a positive outlook for the company's stock, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100