Braze jumps after raising profit, revenue forecasts

Shares of customer engagement platform Braze BRZE.O jump 15% to $35.20 premarket

Co forecast FY 26 adj. EPS of 42-43 cents vs earlier range of 41-42 cents

Expects FY 26 revenue of $730.5 mln-$731.5 mln vs previous forecast of $717 mln-$720 mln

Co's Q3 revenue of $190.8 mln beats analysts' estimates of $183.6 mln - data compiled by LSEG

Results driven by higher customer growth, upsells and renewals

All 20 brokerages covering stock rate it "buy" or higher; median PT is $45 - data compiled by LSEG

As of last close, stock down about 27% YTD