Braze (BRZE) Soars 18% on Upbeat Outlook, Revenue Beat, PT Hike

Core Viewpoint - Braze Inc. (NASDAQ:BRZE) has shown significant performance with an 18.08% increase in stock price, driven by a positive growth outlook, revenue surpassing expectations, and an increased price target from an investment firm [1]. Financial Performance - Braze reported a 25% increase in revenues, reaching $190.8 million compared to $152.05 million in the same period last year, exceeding its forecast by 3 to 4% [2]. - The revenue growth was primarily attributed to new customers, upsells, and renewals [2]. - The attributable net loss widened by 29% to $36 million from $27.9 million year-on-year [3]. Future Projections - For the fourth quarter of the fiscal year, Braze expects to generate a non-GAAP net income of $15 million to $16 million, with revenues projected between $197.5 million and $198.5 million [3]. - For the full fiscal year, the company anticipates a non-GAAP net income of $46 million to $47 million and revenues of $730.5 million to $731.5 million [4]. Analyst Ratings - Following the earnings results, Braze maintained an "outperform" rating from Oppenheimer, with a revised price target of $40, indicating a 10% upside potential from its latest closing price of $36.19 [4].