Braze, Inc. (NASDAQ: BRZE) saw its stock surge 14.52% in pre-market trading on Wednesday, following the release of its third-quarter earnings report, which exceeded analyst expectations and included an upward revision to its fiscal 2026 guidance.
The customer engagement platform reported Q3 revenue of $190.84 million, beating the consensus estimate of $184.08 million, and raised its fiscal 2026 revenue guidance to $730.5-$731.5 million. Adjusted earnings per share matched expectations at $0.06, with the company also raising its adjusted EPS guidance to $0.42-$0.43. CEO Bill Magnuson highlighted "25.5% revenue growth and strong profitability" as evidence of the company's robust business model.
Analysts at TD Cowen further bolstered investor confidence by raising their target price for Braze to $43 from $40, reflecting optimism about the company's growth trajectory. The combined positive earnings performance and upward guidance adjustments have driven significant pre-market gains for Braze.
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