Wells Fargo has initiated coverage on Braze Inc (BRZE) with an Overweight rating as of September 30, 2025. This rating marks the firm's first assessment of Braze's investment potential, reflecting its analysis of the company's business model, industry dynamics, and growth prospects.
Braze, headquartered in New York City, operates a customer relationship management platform tailored for mobile applications. The company employs 1,699 full-time staff and went public on November 17, 2021. Its platform allows marketers to collect and act on data from various sources, enabling real-time customer engagement across multiple channels. The platform also supports cross-channel messaging and AI-powered experimentation, which informs customer engagement strategies. Braze's market capitalization stands at $3.0 billion, with a trailing twelve-month earnings per share (EPS) of -1.04.
Upcoming earnings reports are scheduled for March 25, 2026, with an estimated EPS of $0.13 and revenue of $196.5 million, and June 3, 2026, with an estimated EPS of $0.09 and revenue of $197.8 million. Recent earnings performance has shown positive surprises, including a Q2 2026 EPS of $0.15 compared to an estimate of $0.03, reflecting a 391.8% surprise.
As of November 1, 2025, analyst consensus indicates 7 Strong Buy, 18 Buy, 1 Hold, and no Sell or Strong Sell ratings, with a consensus rating of Buy. Analyst ratings can evolve as new information becomes available, and differing opinions among analysts are common.
This update provides insight into Braze's current standing in the market following Wells Fargo's new coverage initiative.