Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $35.00 price target on Braze Inc (NASDAQ: BRZE).

The analyst commented, "We maintain our Market Outperform rating and $35 price target on Braze after the company reported better-than-expected F2Q27 results with non-GAAP EPS of $0.19 (consensus $0.15), non-GAAP operating margin of 9.7% (consensus 8.1%), versus 5.0% last quarter, and non-GAAP gross margin of 68.6% (consensus 68.1%) on revenue of $227.2M (consensus $220.3M), up 26.2% y/y (24.4% organic), versus 30% last quarter, and BrazeAI Decisioning Studio revenue of $6.6M (Citizens estimate $6.6M), up 16% sequentially and 136% y/y – all of which left the stock down 12% in the aftermarket after having decreased 7% YTD versus increases of roughly 12% for the S&P 500 and the Russell 3000."

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 $30.31 yesterday.