Braze, Inc. (BRZE)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$31.96-3.88%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
Intact: The reason to own it still holds.
Braze grows revenue about 20% a year to nearly $900M in 2027. Profit rises with operating income near $70M. Cash from operations improves to $28M. The company leads in customer engagement software.
Braze faces pressure from soft guidance and elevated valuation. Profit margins remain thin and cash flow could falter. Competition may slow growth below expectations.
The price is about 4% above our fair value near $23, reflecting roughly 20% revenue growth. Our fair value is 29% below the Street median, showing more cautious expectations than consensus.
Breaks if: cash flow falls below $28M in 2027-Q1
Braze is focused on improving cash flow from operating activities, reaching $28.1M in 2027-Q1.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth opportunity. The company is currently loss-making but is focused on improving revenue and operating income, which could enhance its long-term outlook.
The current valuation reflects a justified stance, with a low expectations gap indicating that the market has not fully priced in the potential for recovery. However, it trades at a premium compared to peers, suggesting that some growth is already anticipated.
Management is on track with its goals, including increasing revenue guidance and improving cash flow. However, recent financial performance has been weak, and the company has a history of earnings misses, which adds to the risk.
The long-term thesis hinges on whether management can continue to deliver on its growth targets and improve profitability. Additionally, broader market conditions, such as potential interest rate cuts and performance from sector leaders, will also play a crucial role.
The most important moves since the prior daily snapshot.
Our read has strengthened. It is supported by guidance.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 4 of last 4 quarters. Cash from operating activities improved from $6.9M in 2026-Q2 to $28.1M in 2027-Q1. Braze is delivering on its commitment to enhance cash flow.
“Cash from operating activities improved to $28.1M.”
“Cash from operating activities was $19.4M.”
“Cash from operating activities was $20.9M.”
“Cash from operating activities was $6.9M.”
Breaks if: operating income falls below $70M in fiscal 2027
Braze aims to achieve a non-GAAP operating income of $70M to $74M for fiscal year 2027.
Stated in 2 of last 2 quarters. Non-GAAP operating income guidance increased from $69M-$73M in 2025-Q4 to $70M-$74M in 2026-Q1. Braze is showing progress towards its profitability goals.
“Non-GAAP operating income $70.0 - 74.0 for fiscal year ending January 31, 2027.”
“Non-GAAP operating income $69.0 - 73.0 for fiscal year ending January 31, 2027.”
Breaks if: revenue falls below $895M in fiscal 2027
Braze has updated its revenue guidance for fiscal year 2027 to a range of $895M to $899M.
Stated in 2 of last 2 quarters. Revenue guidance increased from $884M-$889M in 2025-Q4 to $895M-$899M in 2026-Q1. The trajectory shows Braze is delivering on its growth expectations.
“Braze is updating guidance for the fiscal year ending January 31, 2027.”
“Braze is initiating guidance for the fiscal year ending January 31, 2027.”
Over the next 1 to 3 years, BRZE's prospects depend on its ability to execute on its commitments and navigate external market factors. Not investment advice.