
Braze (NASDAQ:BRZE) Hits New 12-Month Low - Here's Why

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Braze, Inc. (NASDAQ:BRZE) shares reached a new 52-week low of $23.26, closing at $23.4980 with significant trading volume. Analysts have mixed views, with DA Davidson raising its price target to $42.00 and others maintaining buy ratings. The company reported earnings of $0.06 per share, meeting expectations, but revenue fell short at $190.84 million. Insider selling was noted, with CEO William Magnuson and CTO Jonathan Hyman reducing their stakes. Institutional investors have also adjusted their positions in the stock, which has a market cap of $2.66 billion and a consensus target price of $46.95.
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