BRZE

Braze Inc - Ordinary Shares - Class A

TMT, Software


Presented:12/09/2024
Price:$41.80
Cap:$4.29B
Current Price:$26.64
Cap:$2.96B

Presented

Date12/09/2024
Price$41.80
Market Cap$4.29B
Ent Value$2.81B
P/E RatioN/A
Book Value$4.45
Div Yield0%
Shares O/S102.73M
Ave Daily Vol1,375,442
Short Int4.21%

Current

Price$26.64
Market Cap$2.96B
Braze, Inc. operates a customer relationship management platform for mobile applications. Its application combines messaging, audience segmentation, analytics and user support in a single integrated solution. The firm offers push notifications, email, in-app messages, and news feed services. The company was founded by Mark Ghermezian, William Magnuson, and Jonathan Hyman in 2011 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Adobe Inc (ADBE), Braze Inc (BRZE), Klaviyo Inc (KVYO), Salesforce Inc (CRM)

Highlights

The presenter is long shares of Braze Inc (BRZE), which specializes in the high end of the marketing software space and dominates in new-age solutions (in-app messaging, push notifications, dashboard builder, etc.). Although Salesforce and Adobe each have established competing products, he feels that both have given up on customer engagement, especially Salesforce. Based on this view, as well as positive feedback from BRZE’s customers and partners, the company seems positioned to continue taking share from Salesforce. He models slight upside to CY2025 revenue (FY2026) and sees valuation upside from the current 5.5x consensus FY2026 to 8x – 9x in that scenario.

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Idea Discussion

Commentor 1 - 2 weeks ago

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