Last Updated: 16 Sep 2024
Executive Summary
Braze Inc. (BRZE) is a leading provider of customer engagement software. The company's platform enables businesses to manage and automate their customer communications across multiple channels, including email, SMS, push notifications, and in-app messaging. Braze has a strong track record of growth, with revenue increasing by 26.4% year-over-year in the latest quarter. The company is also profitable, with a trailing 12-month EBITDA margin of -0.22%.
Company Overview
Braze was founded in 2011 and is headquartered in New York City. The company's platform is used by over 3,000 businesses, including some of the world's largest brands, such as Amazon, Nike, and Starbucks. Braze has a team of over 1,000 employees and is growing rapidly.
Fundamental Analysis
Braze's financial performance has been strong in recent years. The company's revenue has grown by an average of 30% per year over the past three years. The company is also profitable, with a trailing 12-month EBITDA margin of -0.22%. Braze's balance sheet is also strong, with the company having over $500 million in cash and equivalents.
Technical Analysis
Braze's stock price has been on a downward trend in recent months. The stock is currently trading at $35.1, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Braze's stock is uncertain. The stock is currently trading below its moving averages and is oversold. This suggests that the stock could continue to decline in the short term. However, the company's strong fundamentals could provide support for the stock price.
Long Term Outlook
The long-term outlook for Braze's stock is positive. The company is a leader in the growing customer engagement software market. The company's platform is used by some of the world's largest brands and is growing rapidly. Braze is also profitable and has a strong balance sheet. These factors suggest that the company is well-positioned for continued growth in the long term.
Analyst Recommendations
The majority of analysts covering Braze have a buy rating on the stock. The average analyst target price is $61.38, which represents a potential upside of over 70% from the current price.
