BRZE

Braze Inc - Ordinary Shares - Class A

TMT


Presented:11/10/2023
Price:$46.30
Cap:$4.55B
Current Price:$31.63
Cap:$3.25B

Presented

Date11/10/2023
Price$46.30
Market Cap$4.55B
Ent Value$3.99B
P/E RatioN/A
Book Value$4.48
Div Yield0%
Shares O/S98.23M
Ave Daily Vol827,945
Short Int10.26%

Current

Price$31.63
Market Cap$3.25B
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: Accenture PLC (ACN), Adobe Inc (ADBE), Braze Inc (BRZE), Klaviyo Inc (KVYO), Salesforce Inc (CRM), Shopify Inc (SHOP), Twilio Inc (TWLO), WPP PLC (WPP LN)

Highlights

The presenter is long shares of Braze Inc (BRZE), a marketing software provider that IPO’d in late 2021. There were many marketing software assets a decade ago, but significant consolidation in recent years has left two behemoths, Adobe (ADBE) and Salesforce (CRM). BRZE is now one of the disruptors, particularly on the enterprise side whereas Klaviyo (KVYO) competes more on the Shopify-levered, SMB side. He expects the business is about to accelerate organically, leading to growth above consensus for Q3, Q4, and next year. Modeling a growth rate of 29% exiting this year and his expectation that management guides next year at 25%+, he reaches revenue of ~$588MM (vs. consensus $556MM), justifying slight multiple expansion to 9x revenue and a ~$60 price target (+30%). 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.