Braze, Inc. research snapshot
BRZE AI stock analysis as of the August 4, 2026 data cutoff reads Braze as a customer engagement cloud platform whose growth re-accelerated for a fourth straight quarter while it swung to non-GAAP operating and net profit with record free cash flow, yet it still reports GAAP losses and trades at a premium multiple. Braze closed at $25.69 on August 3, 2026, up 0.77 or 3.09% from the $24.92 July 31 close, after opening at $25.72 and trading in a session range of $25.27 to $26.40, with an after-hours quote of $25.18 down 0.51 or 1.99%, carrying a market capitalization near $2.89 billion that matches the $25.69 price times 112.63 million shares outstanding per the Q1 fiscal 2027 Form 10-Q cover. For the fiscal quarter ended April 30, 2026, Braze reported revenue of $211 million, up 30% year over year, a non-GAAP operating margin of about 5% versus 2% a year earlier, non-GAAP EPS of $0.10, and record free cash flow of $27 million, and management raised full-year fiscal 2027 revenue guidance to $895 million to $899 million with non-GAAP EPS of $0.61 to $0.65. The GAAP picture is still negative: Q1 fiscal 2027 GAAP net loss to common was $26.59 million, or $0.24 per share, and trailing twelve-month revenue is about $787 million. This BRZE AI stock forecast is scenario-based, not a precise price prediction, and should be used as an informational research tool, not investment advice.
Current price
$25.69 at the August 3, 2026, 4:00 PM EDT market close, up 0.77 or 3.09% from the $24.92 July 31 close, after opening at $25.72 and trading in a session range of $25.27 to $26.40 on the StockAnalysis.com real-time quote, with the daily price history confirming the $25.69 close on about 1.38 million shares and an after-hours quote of $25.18, down 0.51 or 1.99%
Market cap
$2.89 billion at the August 3, 2026 market close, matching the $25.69 price times 112.63 million shares outstanding, with the Q1 fiscal 2027 Form 10-Q cover listing 112,631,669 shares of Class A common stock outstanding as of May 20, 2026, and an enterprise value near $2.59 billion after net cash of about $306 million
AI score
68 / 100
Rating
Accelerating-growth customer engagement SaaS platform with record free cash flow and universal analyst buy coverage, still GAAP-unprofitable at a premium multiple
Trend status
Trading above the 50-day and 200-day moving averages near $23.46 and $24.44 after a strong July rally, recovering within a wide 52-week range of $15.26 to $37.33, with 14-day RSI near 56.4
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Braze sells a cloud-based customer engagement platform that lets brands send personalized push, email, SMS, in-app, and web messages in real time on top of first-party data, with subscription revenue representing about 93% of the total. | Medium-high |
| Moat | The moat comes from data gravity inside the Braze platform, integration depth with customer tech stacks, switching costs from built campaigns and data pipelines, a real-time stream-processing architecture, and a growing partner ecosystem. | Medium |
| Management | Founder CEO Bill Magnuson and co-founder CTO Jon Hyman lead a team that delivered a fourth straight quarter of growth acceleration, record free cash flow, and a guidance raise, but the CFO transition after Isabelle Winkles announced her departure creates short-term execution and investor-relations risk. | Medium |
| Financial trend | Q1 fiscal 2027 revenue rose 30% year over year to $211 million, non-GAAP operating margin improved about 300 basis points to near 5%, non-GAAP EPS reached $0.10, and free cash flow hit a record $27 million, while dollar-based net retention rose to 110% and current RPO accelerated to 28% growth. | High |
| Valuation | At $25.69, BRZE trades near 3.68x trailing revenue, 35.59x forward earnings per StockAnalysis.com statistics, about 40.8x the $0.63 fiscal 2027 adjusted EPS consensus, and 43.88x trailing free cash flow, with a negative GAAP PE because the company is still GAAP-unprofitable. | Medium |
| Technical trend | The stock closed at $25.69 on August 3, 2026, above its 20-day, 50-day, and 200-day moving averages near $24.85, $23.46, and $24.44 after a July rally, but remains well below the $37.33 52-week high. | Medium |
| Risk level | Key risks are slower-than-expected growth or profitability, competition from Salesforce Marketing Cloud, Twilio, and Klaviyo, AI commoditization of marketing automation, a CFO transition, elevated short interest near 11.15% of shares outstanding, and the gap between GAAP losses and non-GAAP profits. | Medium-high |
| AI confidence | Data confidence is high for quarterly financials, guidance, and balance sheet items that cross-validated across StockAnalysis.com, Macrotrends, SEC EDGAR, and the 10-Q, but medium for forward estimates that depend on AI adoption, net retention, and profitability timing. | High data confidence |
| Investment certainty | BRZE shows a genuine profitability inflection and strong analyst support, but the premium multiple, negative GAAP earnings, and crowded buy consensus keep investment certainty below established profitable software peers. | Medium-low |
BRZE AI stock forecast
The BRZE AI stock forecast uses an August 3, 2026 price reference of $25.69, fiscal 2027 revenue guidance of $895 million to $899 million, the $0.63 fiscal 2027 adjusted EPS consensus, and a revenue and earnings multiple framework. The bearish area reflects slower growth or multiple compression, the base area assumes Braze executes on guidance with net retention near 110%, and the bullish area requires faster AI-driven adoption and margin expansion. These are scenarios, not price commitments.
$40 to $50
More likely if Braze sustains revenue growth above 20%, scales BrazeAI Decisioning Studio and Operator adoption, expands non-GAAP operating margin toward double digits, improves net retention above 111%, resolves the CFO search quickly, and the market re-rates the stock toward the upper analyst targets near Wells Fargo at $45 and Citi at $48.
$30 to $38
More likely if Braze delivers fiscal 2027 revenue near $895 million to $899 million with about 8% non-GAAP operating margin, keeps net retention near 110%, and holds a multiple near 4x forward revenue or near the $34.45 average and $32.50 median analyst targets.
$18 to $24
More likely if revenue growth decelerates below 18%, GAAP profitability stays distant, the CFO transition disrupts execution, AI competition from Salesforce, Twilio, or Klaviyo intensifies, or the market compresses the multiple toward 2.5x to 3x forward revenue, closer to the Piper Sandler target of $27 and below the 50-day moving average.
BRZE AI technical analysis
BRZE AI technical analysis as of the August 4, 2026 data cutoff shows a stock at $25.69, above its 20-day moving average near $24.85 and its 50-day and 200-day moving averages of $23.46 and $24.44, with 14-day RSI near 56.42 on StockAnalysis.com statistics. The stock rallied from roughly $21 in late June to a $26.83 peak on July 29, pulled back to $24.92 on July 31, and closed at $25.69 on August 3. The 5-day and 20-day moving averages were computed from the StockAnalysis.com daily closing price history through August 3, 2026, and the 50-day and 200-day values come from the StockAnalysis.com statistics page.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $25.69 | StockAnalysis.com real-time quote at the August 3, 2026, 4:00 PM EDT market close, up 0.77 or 3.09% from the $24.92 July 31 close after opening at $25.72 and trading in a session range of $25.27 to $26.40; the daily price history confirms the $25.69 close on about 1.38 million shares and the after-hours quote was $25.18, down 0.51 or 1.99%. |
| 5-day moving average | $25.52 | Computed as the simple average of the five closing prices through August 3, 2026 in the StockAnalysis.com daily price history, just below the current price and confirming short-term strength after the July 29 peak. |
| 20-day moving average | $24.85 | Computed as the simple average of the twenty closing prices through August 3, 2026 in the StockAnalysis.com daily price history, the first pullback support below price. |
| Near support | $23.50 to $24.90 | The 20-day moving average near $24.85 and the 50-day moving average near $23.46 form a support band from the StockAnalysis.com statistics page and computed history as of August 3, 2026. |
| Next support | $21 to $22 | The late-July base near $21.22 to $22.50 was tested before the rally and represents the next support if the moving-average band fails. |
| Near resistance | $26.40 to $26.83 | The August 3 session high of $26.40 and the July 29 high of $26.83 are the immediate overhead levels that must be cleared to extend the recovery. |
| Resistance | $28 to $30 | The $28 to $30 zone aligns with the upper consolidation area and the lower end of recent analyst targets before the July selloff. |
| 50-day moving average | $23.46 | StockAnalysis.com statistics reported the 50-day moving average near $23.46 on August 3, 2026, below the current price and confirming the medium-term recovery. |
| 200-day moving average | $24.44 | StockAnalysis.com statistics reported the 200-day trend line near $24.44 on August 3, 2026, below the current price, which is a positive longer-term signal after a year of net price decline of about 1.95%. |
| Momentum | RSI near 56.4 | The 14-day RSI was near 56.42 on StockAnalysis.com statistics on August 3, 2026, neutral to modestly bullish and not overbought despite the July rally. |
| Volume | About 2.30 million average shares | StockAnalysis.com statistics listed 20-day average volume near 2.30 million shares on August 3, 2026; the August 3 session showed about 1.38 million shares, below average, so follow-through on higher volume would strengthen the breakout case. |
| Volatility | Beta of 0.83 | StockAnalysis.com statistics listed beta near 0.83 with a 52-week range of $15.26 to $37.33, so position sizing should account for 5% to 9% daily swings around earnings and AI product news. |
| Invalidation | Close below $24.85 | A decisive close below the 20-day moving average near $24.85 would weaken the short-term recovery, and a close below the 50-day near $23.46 would turn the medium-term trend negative toward the $21 to $22 base. |
BRZE AI trading strategy
The BRZE AI trading strategy below is a rules-based research framework, not personal advice. It connects revenue growth, non-GAAP margin expansion, free cash flow, AI adoption, and the CFO transition to technical invalidation levels, and should be paired with fresh chart data, filings, and defined risk controls.
Watch for BRZE to clear the $26.40 to $26.83 resistance zone on above-average volume while the Q2 fiscal 2027 report, expected September 3, 2026, confirms roughly 22% year-over-year revenue growth near the $219.5 million to $220.5 million guidance and a non-GAAP operating margin near 8%.
A failed breakout above $26.83 followed by a close below the 20-day moving average near $24.85 should reduce setup confidence, especially if guidance disappoints or the CFO search drags.
If BRZE pulls back toward the $23.46 to $24.85 moving-average band without cutting guidance or losing key customers, compare the price with the $0.63 fiscal 2027 adjusted EPS consensus, the near 4x forward revenue multiple, and analyst targets ranging from $27 to $50.
Do not treat a lower multiple as sufficient if growth is decelerating, gross margin keeps falling, AI competition from Salesforce, Twilio, or Klaviyo rises, or short interest near 11.15% of shares outstanding fuels unpredictable two-way moves.
Track quarterly revenue growth, non-GAAP operating margin, dollar-based net retention, total and current RPO, customer count, large customer count, BrazeAI Decisioning Studio and Operator adoption, free cash flow, and the resolution of the CFO search and any transition costs.
Position sizing should reflect that BRZE is a GAAP-unprofitable growth SaaS stock where valuation depends on growth durability, net retention, and the timing of GAAP profitability, and where the buy consensus is crowded.
Investment research summary
Customers pay Braze to send personalized, cross-channel messages (push, email, SMS, in-app, web) to their users in real time based on first-party behavioral data, and increasingly to run AI decisioning and agent workflows on that data. About 93% of revenue is subscription and roughly 99% of total revenue is recurring.
The moat comes from data gravity, integration depth, campaign and pipeline switching costs, a real-time stream-processing architecture built for AI, and partner ecosystem depth. It is real but narrower than Salesforce or Adobe because customer engagement tools face more substitution pressure.
The thesis fails if growth decelerates before GAAP profitability arrives, if larger platforms embed similar engagement and AI features into their suites, if the AI roadmap does not translate into net retention gains, if gross margin keeps falling on premium messaging and Decisioning Studio headcount, or if the CFO transition and crowded buy consensus compound any disappointment.
Co-founder Bill Magnuson has led Braze since 2011 through the 2021 IPO and now near $1 billion in annualized recurring revenue, with a fourth straight quarter of growth acceleration and record free cash flow. Key-person and transition risk is elevated because CFO Isabelle Winkles is stepping down and the CFO search is ongoing, with Pankaj Malik named interim CFO.
Customer engagement and marketing technology continues to grow as brands activate first-party data and direct-to-consumer channels, and AI-powered personalization, decisioning, and agentic workflows are a tailwind, although the same technology could commoditize parts of the market.
At $25.69, BRZE trades near 3.68x trailing revenue, about 40.8x fiscal 2027 adjusted EPS of $0.63, and 43.88x trailing free cash flow, with negative GAAP earnings. The margin of safety is limited because the multiple assumes continued growth and a clear path to profitability.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| BRZE price reference | $25.69 at the August 3, 2026, 4:00 PM EDT market close, up 0.77 or 3.09% from the $24.92 July 31 close, after opening at $25.72 and trading in a session range of $25.27 to $26.40, with the daily price history confirming the close on about 1.38 million shares and an after-hours quote of $25.18 down 0.51 or 1.99% | StockAnalysis.com real-time quote and daily price history | August 4, 2026 |
| Market capitalization | $2.89 billion at the August 3, 2026 market close, matching the $25.69 price times 112.63 million shares outstanding, with the Q1 fiscal 2027 Form 10-Q cover listing 112,631,669 shares of Class A common stock outstanding as of May 20, 2026 | StockAnalysis.com statistics and Braze Q1 fiscal 2027 Form 10-Q | August 4, 2026 |
| Q1 fiscal 2027 revenue | $211 million, up 30% year over year from $162.06 million and up 3% sequentially, the fourth straight quarter of organic and total revenue growth acceleration | StockAnalysis.com income statement and Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Q1 fiscal 2027 GAAP results | GAAP operating loss of $27.51 million, net loss to common of $26.59 million, and GAAP EPS of $0.24 loss on 111 million basic shares, with gross margin of 65.72% | StockAnalysis.com quarterly income statement | August 4, 2026 |
| Q1 fiscal 2027 non-GAAP results | Non-GAAP operating income of $10.5 million or 5% of revenue versus $2.8 million or 2% a year earlier, non-GAAP net income of $11.4 million or $0.10 per share versus $0.07 a year earlier, and non-GAAP gross margin of 67.4% versus 69.3% | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Q1 fiscal 2027 cash flow | Cash provided by operations of $28 million and record free cash flow of $27 million, versus $24 million and $23 million in the prior year quarter | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Fiscal 2027 guidance | Revenue of $895 million to $899 million or about 22% year-over-year growth at the midpoint, non-GAAP operating income of $70 million to $74 million or about 8% margin, non-GAAP net income of $70 million to $74 million, and non-GAAP EPS of $0.61 to $0.65 on about 114 million diluted shares, with 400 basis points of operating margin expansion on track | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Q2 fiscal 2027 guidance | Revenue of $219.5 million to $220.5 million or about 22% year-over-year growth at the midpoint, non-GAAP operating income of $17 million to $18 million or about 8% margin, non-GAAP net income of $17 million to $18 million, and non-GAAP EPS of $0.15 to $0.16 on about 114 million diluted shares, with BrazeAI Decisioning Studio revenue expected to grow 15% to 20% sequentially | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Customer KPIs | 2,713 total customers up 16% year over year, 349 large customers spending $500,000 or more up 33% year over year and contributing 65% of ARR, dollar-based net retention of 110%, and large customer net retention of 111%, both up about 100 basis points sequentially | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Remaining performance obligations | Total RPO of $1.1 billion up 30% year over year and 4% sequentially, with current RPO of $670 million up 28% year over year, accelerating from 27% in the prior quarter | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Revenue mix | Subscription revenue of about 93% of Q1 revenue with professional services about 7%, of which about 85% is recurring, bringing total recurring revenue to roughly 99% | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| BrazeAI adoption | BrazeAI Decisioning Studio contributed $5.7 million of Q1 revenue implying 26.7% organic year-over-year growth, BrazeAI Operator and Agent Console reached general availability in Q1, and customer case studies showed a 10% revenue-per-user lift for Luxury Escapes and 81% fewer unsubscribes for Cleo | Braze Q1 fiscal 2027 earnings call | August 4, 2026 |
| Trailing twelve-month revenue | $787.12 million for the twelve months ended April 30, 2026, up 26.95%, matching the StockAnalysis.com financials page and the sum of Q2 through Q4 fiscal 2026 and Q1 fiscal 2027 quarterly revenue | StockAnalysis.com financials and Macrotrends quarterly data | August 4, 2026 |
| Fiscal 2026 results | Revenue of $738.18 million up 24.40% from $593.41 million, gross margin of 67.15%, GAAP net loss of $131.29 million or $1.22 per share, operating cash flow of $71.44 million, and free cash flow of $61.85 million, cross-checked across StockAnalysis.com and Macrotrends | StockAnalysis.com financials and Macrotrends | August 4, 2026 |
| Balance sheet | Cash and equivalents of $145.29 million, short-term investments of $242.23 million, total debt of $81.46 million mostly leases, and net cash of $306.07 million or $2.82 per share as of April 30, 2026, with total current assets of $546.68 million and total assets of $1,091 million | StockAnalysis.com balance sheet and Braze Q1 fiscal 2027 Form 10-Q | August 4, 2026 |
| Form 10-Q cross-check | The Q1 fiscal 2027 Form 10-Q filed May 28, 2026 reports cash and cash equivalents of $145,289 thousand, total current assets of $546,675 thousand, and total current liabilities of $441,480 thousand as of April 30, 2026, matching StockAnalysis.com, with 112,631,669 Class A shares outstanding as of May 20, 2026 | Braze Q1 fiscal 2027 Form 10-Q and SEC EDGAR | August 4, 2026 |
| Valuation ratios | Forward PE of 35.59, PS of 3.68, forward PS of 3.10, PB of 4.94, P/FCF of 43.88, PEG of 1.13, EV/Sales of 3.29, and EV/FCF of 39.24 at the August 3, 2026 close | StockAnalysis.com statistics | August 4, 2026 |
| Analyst consensus | Strong Buy with an average price target of $34.45 across 21 analysts, low $27 and high $50, median $32.50, about 34.1% above the August 3 close | StockAnalysis.com forecast | August 4, 2026 |
| Analyst rating mix, February to July 2026 | 15 Strong Buy, 6 Buy, 0 Hold, 0 Sell out of 21 analysts | StockAnalysis.com forecast recommendation trends | August 4, 2026 |
| Recent analyst target updates | Wells Fargo maintained Buy at $45 on July 14, J.P. Morgan raised $33 to $35 on July 6, Goldman Sachs maintained Buy at $34 on June 24, TD Cowen reiterated $30 on June 15, Citi lowered $49 to $48 on May 29, Barclays reiterated $31 on May 29, Mizuho lowered $40 to $32 on May 28, and Piper Sandler reiterated $27 on May 28 | StockAnalysis.com analyst ratings | August 4, 2026 |
| Consensus financial forecast | Fiscal 2027 revenue estimate of $898.54 million up 21.72% and adjusted EPS of $0.63, fiscal 2028 revenue of $1.05 billion up 16.63% and adjusted EPS of $0.97, with a three-year revenue growth forecast of 17.38% and EPS growth forecast of 46.20% | StockAnalysis.com forecast financial forecast | August 4, 2026 |
| Short interest | 12.55 million shares short, 11.15% of shares outstanding, 13.58% of float, and 5.19 days to cover, down from 15.25 million shares the prior month | StockAnalysis.com statistics short selling | August 4, 2026 |
| Trailing cash flow | Operating cash flow of $75.42 million, capital expenditures of $9.48 million, and free cash flow of $65.94 million over the trailing twelve months ended April 30, 2026, with a free cash flow margin of 8.38% | StockAnalysis.com cash flow statement and statistics | August 4, 2026 |
| 52-week range and performance | 52-week range of $15.26 to $37.33, down 1.95% over the trailing 52 weeks, with beta of 0.83 and 20-day average volume near 2.30 million shares | StockAnalysis.com quote and statistics | August 4, 2026 |
| Technical snapshot | 5-day moving average near $25.52 and 20-day moving average near $24.85 computed from StockAnalysis.com daily price history through August 3, 2026, 50-day moving average near $23.46 and 200-day moving average near $24.44 on StockAnalysis.com statistics, 14-day RSI near 56.42, and the July 29 high of $26.83 as overhead resistance | StockAnalysis.com statistics and daily price history | August 4, 2026 |
| Management and CFO transition | CFO Isabelle Winkles announced she is stepping down to pursue an opportunity at a privately held company, Pankaj Malik was named interim CFO, a CFO search is active, and Nick Rockwell was appointed CIO effective June 1, 2026 | Braze Q1 fiscal 2027 earnings call and company news | August 4, 2026 |
This BRZE AI stock analysis is an informational research tool only and is not investment advice, a recommendation, or a promise of future returns. Forecast ranges are scenarios based on available public data as of August 4, 2026 and can be wrong if Braze execution, revenue growth, net retention, profitability timing, AI competition, the CFO transition, interest rates, or market conditions change.
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