Shares of Braze Inc (NASDAQ:BRZE) fell in early trading on Thursday, after the company reported mixed first-quarter results.

Here are the key analyst insights:

Cantor Fitzgerald analyst Matthew VanVliet reiterated an Overweight rating and price target of $38.

DA Davidson analyst Clark Wright maintained a Buy rating and price target of $33.

Check out other analyst stock ratings.

Cantor Fitzgerald: Braze reported both revenue and cRPO (current remaining performance obligations) 2.8% higher than consensus estimates. However, the complete $6 million revenue beat was due to Professional Services, while Subscription revenues were in-line with expectations.

VanVliet noted the following KPIs (key performance indicators):

Net recurring revenues (NRR) grew 1 percentage points to 110%

NRR from customers with ARR of more than $500,000 ARR rose to 111%.

Total customers grew 16%.

Customer with ARR over $500,000 grew 33%.

Customers with ARR over $1 million ...