TD Cowen Reaffirms Their Buy Rating on Braze (BRZE)

TD Cowen analyst Derrick Wood reiterated a Buy rating on Braze yesterday and set a price target of $36.00.

According to TipRanks, Wood is a 2-star analyst with an average return of 0.0% and a 48.69% success rate. Wood covers the Technology sector, focusing on stocks such as Salesforce, Samsara, and Oracle.

Braze has an analyst consensus of Strong Buy, with a price target consensus of $37.11.

Based on Braze’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $211 million and a GAAP net loss of $26.59 million. In comparison, last year the company earned a revenue of $162.06 million and had a GAAP net loss of $35.79 million