Braze, Inc. (BRZE) saw its stock surge 19.02% during Wednesday's intraday trading session following the release of its stronger-than-expected fiscal third-quarter results and an upward revision to its full-year fiscal 2026 outlook.
The customer engagement platform reported Q3 revenue of $190.8 million, up from $152.1 million a year earlier and above the $184.2 million analysts had forecast. The company also raised its fiscal 2026 revenue guidance to $730.5-$731.5 million from its previous range of $717-$720 million, while lifting its adjusted EPS forecast to $0.42-$0.43 from $0.41-$0.42.
Analysts responded positively to the results, with multiple firms including Mizuho, TD Cowen, and Stifel raising their price targets on Braze shares. The company attributed its performance to strong customer growth, upsells, and renewals.
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