BRZE - Braze Earnings: A Final Flicker Before The Fade

2024-06-07 06:19:03 ET

Summary

• Braze's stock jumped 15% as investors were relieved by its results, but I'm skeptical about its growth potential.
• BRZE offers personalized customer engagement services and has attracted notable clients, but its customer adoption curve is declining.
• The Company's growth rates are expected to moderate, and its valuation at 6x sales is not justified given its decelerating growth and compressed margins.

Investment Thesis

Braze ( BRZE ), the platform for managing customer relationships and messaging, saw its stock jump nearly 15% premarket as investors sighed in relief that its results weren't worse....

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