Braze, Inc. Class A Common Stock
BRZEBraze, Inc. Class A (BRZE) is a customer engagement platform that helps brands deliver personalized messaging and experiences across multiple channels, including email, mobile apps, SMS, and web. Founded in 2011, the company provides tools for marketing automation, data analytics, and customer segmentation to enhance user engagement and foster stronger customer relationships.
Company News
Boston-based Solel Partners initiated a $21.2 million position in Braze stock during Q3, acquiring 745,900 shares despite the company's stock trading near multi-year lows. The investment suggests potential value in Braze's growing customer base and AI-driven product investments.
JPMorgan analyst Pinjalim Bora lowered the price target for Braze, Inc. from $45 to $47, citing a margin hit from the OfferFit acquisition. While Braze's quarterly earnings and sales beat estimates, the company's full-year margin reset tempered the upbeat revenue outlook and strategic momentum.
The global Multichannel Marketing Hubs (MMH) market is projected to grow at a CAGR of 11.09% through 2030, driven by the increasing demand for personalized, seamless brand experiences across channels. Companies across various industries are embracing MMH solutions to unify touchpoints and enhance marketing ROI.
Braze (BRZE) delivered earnings and revenue surprises of 50% and 2.96%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
Digital-marketing platform Klaviyo Inc. on Tuesday said it attracted more deep-pocketed customers and more customers overall during the third quarter, but its losses swelled and its fourth-quarter sales forecast came up short of Wall Street's estimates.
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