Needham analyst Scott Berg reiterated a Buy rating and $50.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst commented: "Braze delivered a strong quarter with GTM changes and an AI tailwind driving a 3rd quarter of organic revenue growth acceleration, revenue upside on the upper end of its historical range, and a 2nd consecutive quarter of sales metrics (cRPO/NDRR acceleration and an impressive net new 30 customers >$500k ARR), suggesting recent demand trends are durable. The strong sales quarter and much higher than expected guidance suggests FY27 organic revenue growth can remain in the low 20% range, above prior Street expectations of high teens. Braze announced the early release of two new AI modules whose significant Beta use suggests Braze has additional AI cross-sell opportunities to drive potential upside to our FY27 expectations. Initial guidance of a 10% operating margin exiting FY27 suggests Braze is committed to its profitability targets."

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Shares of Braze Inc closed at $18.02 yesterday.