Goldman Sachs Lifts Braze (BRZE) PT to $52, Reports Strong FQ2 2026 Earnings

Braze Inc. (NASDAQ:BRZE) is one of the best enterprise software stocks to buy according to analysts. On September 7, Goldman Sachs raised the firm’s price target on Braze to $52 from $50, while keeping a Buy rating on the shares after its FQ2 2026 earnings beat this week. The company reported $180 million in revenue, which marked a 24% year-over-year increase.

Braze’s committed ARR surpassed 700 million, which showed sustained demand for its customer engagement platform. Operationally, the company achieved its third consecutive quarter of positive non-GAAP operating income and free cash flow. A notable strategic move was the integration of the OfferFit acquisition, which is an AI decisioning platform that has already contributed to new business wins across all major geographic regions.

However, the company also reported limited expansionary investments from customers, along with ongoing deal cycle drags and switching costs. Additionally, while the OfferFit acquisition is strategically beneficial, it initially hurt operating income. The company is actively pursuing synergies to ensure successful integration and profitability from the acquisition.

Braze Inc. (NASDAQ:BRZE) operates a customer engagement platform that provides interactions between consumers and brands worldwide.

While we acknowledge the potential of BRZE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.