My stool today
(As of 12/13/2024 ET)
- 52 week range
- $29.18
▼
$61.53
- Price target
- $53.74
braze Nasdaq: Fast It offers great investment opportunities in 2025, including potential stock price appreciation and takeover possibilities. The stock’s reversal is due to continued outperformance, approaching profitability, and positive analyst sentiment. An on-demand customer engagement platform (CEP) enhances acquisition appeal. Potential buyers include Salesforce New York Stock Exchange: Customer Relationship Management And Adobe Nasdaq: Literarywhich can use the platform to enhance its cross-channel marketing capabilities and improve its value to advertisers. Salesforce, the world’s leading CRM platform, is a natural buyer because Braze’s services complement their own, providing a path to upsell and cross-sell. Either way, investors will win.
Braze outperformed in the third quarter, leading to higher guidance and lower shares
Braze had a strong quarter with slow but still strong growth of more than 22% and 300 basis points, better than consensus expectations. Strength was seen in the core subscription business, driven by new customers, large customers, upsells, and renewals. Total customer numbers increased 10%, with large customers (contributing more than $500,000 in ARR) up 24%. Net retention rate, a measure of revenue contribution from existing customers, was 113% across the system compared to last year and 116% among larger customers as sales deepened and service penetration deepened.
Copper stock forecast today
$53.74
29.08% upModerate purchase
Based on 20 analyst reviews
| High expectations | $75.00 |
|---|---|
| Average expectations | $53.74 |
| Low expectations | $39.00 |
Copper stock forecast details
Margin news is mixed but favors shareholders. The company’s gross margin fell by 90 basis points, and losses continued due to stock-based compensation, reinvestment, and customer acquisition costs. However, operating losses narrow on a GAAP and adjusted basis and are lower than expected. The net result is $0.02 in adjusted earnings, three cents better than expected, and improved guidance.
The company’s guidance is also strong. Braze forecasts another sequential revenue growth for the fourth quarter, with revenue up 18% year-over-year and above the consensus reported by MarketBeat. The full-year forecast is equally strong and includes adjusted EPS of about $0.10, nearly double market expectations. However, due to the trends, Braze will likely be cautious, and outperformance should be expected.
Analysts’ responses are mixed: Condemnation companies are set to rise by 30%.
Analyst response to Braze’s third-quarter results and guidance was mixed, including some reduced, refined and increased price targets. The result is that more analysts raise their targets, and the net result is a narrowing of the forecast range centered around the target agreed upon before the release. The pre-release agreed target assumes more than 30% upside for this stock, enough to put the market at a new high and on track to complete a technical reversal. The takeaway from the chatter is that this company continues to execute well, and the growth outlook is positive, including earnings, which are expected to triple in F2025 and double the following year.
Market response to the Braze news was also mixed. The market fell after the report, showing resistance at a critical level but also support at a critical level and the possibility of continuing higher. Support is seen at a set of moving averages that include the 30-day, 150-day and 30-month moving averages, which are on the cusp of a golden crossover.
The 30 and 50 day EMAs are already crossing each other; All that remains is for the market to continue advancing to confirm the pattern. In this scenario, the market could easily retest the critical resistance at $45 as it works towards analysts’ consensus target of $53. There is also institutional activity to consider. Institutions have bought these technology stocks on a quarterly basis this year, owning more than 90% of the shares in the fourth quarter, and providing a strong tailwind for the market.
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