Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Braze Inc., a customer engagement platform provider, reported its first quarter results for fiscal year 2026, showing a combination of strong performance metrics alongside some challenges.</li><li>The company posted a 20% year-over-year increase in revenue, reaching $162.1 million.</li><li>This growth was bolstered by new customer acquisitions and expansions, despite some macroeconomic headwinds that Braze noted as impacting results to some extent.</li></ul>

Braze Inc., a customer engagement platform provider, reported its first quarter results for fiscal year 2026, showing a combination of strong performance metrics alongside some challenges.The company posted a 20% year-over-year increase in revenue, reaching $162.1 million.This growth was bolstered by new customer acquisitions and expansions, despite some macroeconomic headwinds that Braze noted as impacting results to some extent.

Braze Inc.: Will The OfferFit Acquisition Be A Game Changer For Its Market Competitiveness?

<ul><li>Braze, a customer engagement platform, reported its fiscal fourth-quarter 2025 results, showcasing several key developments and financial performance metrics.</li><li>The company recorded revenue of $160.4 million, marking a 22% year-over-year increase and a 5% growth from the previous quarter.</li><li>This performance highlights the continued high return on investment (ROI) and enduring value of the Braze Customer Engagement Platform, bolstered by effective global team execution.</li></ul>

Braze, a customer engagement platform, reported its fiscal fourth-quarter 2025 results, showcasing several key developments and financial performance metrics.The company recorded revenue of $160.4 million, marking a 22% year-over-year increase and a 5% growth from the previous quarter.This performance highlights the continued high return on investment (ROI) and enduring value of the Braze Customer Engagement Platform, bolstered by effective global team execution.

Braze Inc: How Are They Demonstrating Resilience in a Dynamic Competitive Landscape?

<ul><li>Braze, Inc. reported its fiscal third-quarter 2025 earnings, showcasing revenue growth and strategic initiatives aimed at solidifying its position in the customer engagement platform sector.</li><li>The company achieved a revenue of $152.1 million, marking a 23% increase year-over-year.</li><li>This growth was primarily driven by strong customer contract renewals, expansions, and the signing of new business, resulting in a committed annual recurring revenue exceeding $600 million.</li></ul>

Braze, Inc. reported its fiscal third-quarter 2025 earnings, showcasing revenue growth and strategic initiatives aimed at solidifying its position in the customer engagement platform sector.The company achieved a revenue of $152.1 million, marking a 23% increase year-over-year.This growth was primarily driven by strong customer contract renewals, expansions, and the signing of new business, resulting in a committed annual recurring revenue exceeding $600 million.

Braze Inc.: The Top 6 Factors Influencing Its Performance For 2025 & The Future! - Major Drivers

Japan Specialist

Mark Chadwick

<ul>
<li>Appier's stock initially surged 20% following strong Q2 results but later declined 25%, influenced by small-cap stock volatility, AI-induced valuations, and e-commerce sensitivity.</li>
<li>The AI company's competitive position remains strong compared to Braze; the differing stock price performance and valuation suggests significant upside.</li>
<li>Appier's thesis remains intact and we expect the company to benefit from key trends in consumer marketing, first-party data and AI solutions.</li>
</ul>


Appier's stock initially surged 20% following strong Q2 results but later declined 25%, influenced by small-cap stock volatility, AI-induced valuations, and e-commerce sensitivity.
The AI company's competitive position remains strong compared to Braze; the differing stock price performance and valuation suggests significant upside.
Appier's thesis remains intact and we expect the company to benefit from key trends in consumer marketing, first-party data and AI solutions.


<ul><li>Braze, a prominent player in customer engagement technology, showcased a robust fiscal second quarter for 2025, demonstrating continued growth and financial improvements.</li><li>The company reported a 26% rise in revenue, reaching $145.5 million, driven by both existing customer expansions and new client acquisitions.</li><li>Notably, non-GAAP gross margin improved by 90 basis points year-over-year to 70.9%, reflecting operational efficiencies.</li></ul>

Braze, a prominent player in customer engagement technology, showcased a robust fiscal second quarter for 2025, demonstrating continued growth and financial improvements.The company reported a 26% rise in revenue, reaching $145.5 million, driven by both existing customer expansions and new client acquisitions.Notably, non-GAAP gross margin improved by 90 basis points year-over-year to 70.9%, reflecting operational efficiencies.

Braze Inc.: These Are The 5 Factors Driving Our 'Buy' Rating! - Major Drivers

United States

Braze, Inc. operates as a cloud-based software company. The Company develops customer engagement software that businesses use for multi-channel marketing. Braze serves retail and e-commerce, media, entertainment, financial, travel, and hospitality industries worldwide.

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Braze Inc (BRZE US)

Braze Inc.: Will The OfferFit Acquisition Be A Game Changer For Its Market Competitiveness?

Braze Inc., a customer engagement platform provider, reported its first quarter results for fiscal year 2026, showing a combination of strong...

Baptista Research

Braze Inc: How Are They Demonstrating Resilience in a Dynamic Competitive Landscape?

Braze, a customer engagement platform, reported its fiscal fourth-quarter 2025 results, showcasing several key developments and financial...

Baptista Research

Braze Inc.: The Top 6 Factors Influencing Its Performance For 2025 & The Future! - Major Drivers

Braze, Inc. reported its fiscal third-quarter 2025 earnings, showcasing revenue growth and strategic initiatives aimed at solidifying its position...

Baptista Research

Appier (4180) | The Ups and Downs

Appier's stock has declined due to small-cap stock volatility and AI-induced valuations, despite its strong competitive position and potential...

Mark Chadwick

Braze Inc.: These Are The 5 Factors Driving Our 'Buy' Rating! - Major Drivers

Braze, a prominent player in customer engagement technology, showcased a robust fiscal second quarter for 2025, demonstrating continued growth and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Braze Inc.: Will The OfferFit Acquisition Be A Game Changer For Its Market Competitiveness?

Braze Inc., a customer engagement platform provider, reported its first quarter results for fiscal year 2026, showing a combination of strong...

Baptista Research

Braze Inc: How Are They Demonstrating Resilience in a Dynamic Competitive Landscape?

Braze, a customer engagement platform, reported its fiscal fourth-quarter 2025 results, showcasing several key developments and financial...

Baptista Research

Braze Inc.: The Top 6 Factors Influencing Its Performance For 2025 & The Future! - Major Drivers

Braze, Inc. reported its fiscal third-quarter 2025 earnings, showcasing revenue growth and strategic initiatives aimed at solidifying its position...

Baptista Research

Appier (4180) | The Ups and Downs

​Appier's stock has declined due to small-cap stock volatility and AI-induced valuations, despite its strong competitive position and potential...

Mark Chadwick

Braze Inc.: These Are The 5 Factors Driving Our 'Buy' Rating! - Major Drivers

Braze, a prominent player in customer engagement technology, showcased a robust fiscal second quarter for 2025, demonstrating continued growth and...

Baptista Research

Appier's stock has declined due to small-cap stock volatility and AI-induced valuations, despite its strong competitive position and potential...