Braze slides after Q3 profit outlook disappoints
09/09/2026 09:37
BUZZ-Braze slides after Q3 profit outlook disappoints ** Shares of customer engagement platform Braze BRZE.O fall 10.6% to $27.10 in premarket trading
** Co forecasts Q3 adj. EPS between 13 and 14 cents, below analysts' expectations of 15 cents -- data compiled by LSEG
** BRZE raises annual revenue forecast, and lower end of FY profit forecast
** Q2 results also beat expectations
** Buyside was expecting higher growth and there's still some noise around BRZE's revenue model and with some performance metrics - TD Cowen
** All 21 analysts covering the stock rate it "buy" or higher, median PT at $36 -- LSEG-compiled data
** Stock down 11% YTD, as of last close
(Reporting by Purvi Agarwal in Bengaluru)