Goldman Sachs on Braze Inc (BRZE): 'Braze continues to be a top pick within our coverage'

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $50.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst comments "Braze reports 1QFY (April) earnings on June 5. The stock is down 17% YTD vs. the NASDAQ down 2%— in our view, due to investor concerns around the health of Braze's B2C customer base and the potential for budget cuts in marketing/advertising organizations. However, we have yet to see signals that Braze's business is slowing or will slow in response to YTD macro volatility; rather, our conversations suggest ongoing support for enterprise investment in revenue generating areas and tools that can support longer term AI initiatives. Together with targeted company-specific investments in customer engagement and the SI ecosystem, we believe this is starting to drive faster share shift toward Braze. In the event that consumer spending weakens in 2H, we believe Braze's pricing model provides them relative insulation, as the model continues to weight monthly actively users (we estimate by ~40-45%, alongside email/SMS volumes, a platform fee, and add-ons) and no direct exposure to seat count. We also spoke with several customers and partners at "Grow with Braze", a customer-facing event in New York on 5/21, where limited visibility into the marketing spend environment was offset by excitement around how Braze can help marketers do more with less. With the stock at 4x 2026 EV/Sales and our view that increasing FCF support can help provide a floor for the stock over the NTM that is above current levels, Braze continues to be a top pick within our coverage."

For an analyst ratings summary and ratings history on Braze Inc click here. For more ratings news on Braze Inc click here.

Shares of Braze Inc closed at $34.63 yesterday.

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