Braze has gotten torched over the last six months - since November 2025, its stock price has dropped 21.2% to $21.45 per share. This may have investors wondering how to approach the situation.
Given the weaker price action, is now a good time to buy BRZE? Find out in our full research report, it’s free.
Why Does Braze Spark Debate?
With its technology powering interactions with 6.2 billion monthly active users across the digital landscape, Braze (NASDAQ: BRZE) provides a platform that helps brands build and maintain direct relationships with their customers through personalized, cross-channel messaging and engagement.
Two Things to Like:
1. Billings Surge, Boosting Cash On Hand
Billings is a non-GAAP metric that is often called “cash revenue” because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract.
Braze’s billings punched in at $238.3 million in Q4, and over the last four quarters, its year-on-year growth averaged 28%. This performance was fantastic, indicating robust customer demand. The high level of cash collected from customers also enhances liquidity and provides a solid foundation for future investments and growth. 
2. Projected Revenue Growth Is Remarkable
Forecasted revenues by Wall Street analysts signal a company’s potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite, though some deceleration is natural as businesses become larger.
Over the next 12 months, sell-side analysts expect Braze’s revenue to rise by 20.3%. While this projection is below its 25.1% annualized growth rate for the past two years, it is noteworthy and indicates the market is baking in success for its products and services.
One Reason to be Careful:
Customer Retention Numbers Lag Behind Peers
One of the best parts about the software-as-a-service business model (and a reason why they trade at high valuation multiples) is that customers typically spend more on a company’s products and services over time.
Braze’s net revenue retention rate, a key performance metric measuring how much money existing customers from a year ago are spending today, was 109% in Q4. This means Braze would’ve grown its revenue by 8.5% even if it didn’t win any new customers over the last 12 months.
Braze has a decent net retention rate, showing us that its customers not only tend to stick around but also get increasing value from its software over time.
Final Judgment
Braze’s merits more than compensate for its flaws. After the recent drawdown, the stock trades at 2.6× forward price-to-sales (or $21.45 per share). Is now a good time to buy? See for yourself in our comprehensive research report, it’s free.
Stocks We Like Even More Than Braze
ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies.
Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE.
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
