Wells Fargo Reaffirms Their Buy Rating on Braze (BRZE)
Wells Fargo analyst Michael Berg maintained a Buy rating on Braze (BRZE – Research Report) yesterday and set a price target of $40.00. The company's shares closed yesterday at $35.89.
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According to TipRanks, Berg is a 3-star analyst with an average return of 4.1% and a 57.89% success rate. Berg covers the Technology sector, focusing on stocks such as Monday.com, Braze, and CSG Systems International.
Currently, the analyst consensus on Braze is a Strong Buy with an average price target of $49.79, which is a 38.73% upside from current levels. In a report released on May 22, Goldman Sachs also reiterated a Buy rating on the stock with a $50.00 price target.
BRZE market cap is currently $3.75B and has a P/E ratio of -34.03.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRZE in relation to earlier this year. Earlier this month, Pankaj Malik, the CAO of BRZE sold 3,405.00 shares for a total of $122,171.40.
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