Breakfast News: What's Behind Braze's 20% Bounce?

Breakfast News: What’s Behind Braze’s 20% Bounce?

March 25, 2026

Source: Image created by Jester AI.

1. Braze Beats Revenue Expectations

Braze (BRZE 4.65%) popped 20% overnight, after the Rule Breakers recommendation beat fourth-quarter revenue expectations with a 28% jump year over year (YoY) to $205 million. Operating income came in 84% higher than last year’s comparable quarter, as the company’s communications tools attracted 13.6% more net customers. The stock is 103% behind the S&P 500 since its December 2022 RB rec.

• “Early in fiscal 2027, we passed $800 million in annual recurring revenue”: CEO William Magnuson spoke of organic revenue growing for the third straight quarter, as remaining performance obligations broke through the trillion-dollar level.
• 2027 revenue between $884 million and $889 million: Management expects 20% revenue growth in fiscal 2027, starting with around $205 million in the first quarter. Investors should watch Braze’s dollar-based net retention rate, which declined YoY.

2. Report: SpaceX IPO Coming Soon

Elon Musk’s SpaceX plans to file for IPO as soon as this week, says The Information, suggesting the highly anticipated event could aim to raise more than $75 billion. The proportion of the stock to be offered is unknown, but might be more than 20%, the report indicates.

• Market cap over $1.75 trillion?: Earlier this year, Bloomberg spoke of a possible summer date, set to raise around $50 billion – which would make it the biggest IPO of all time.
• South Korean memory giant plans U.S. listing: Additionally, SK Hynix is planning a potential offering of American Depositary Receipts some time in 2026, the company announced Wednesday, to help fund expansion to meet growing AI needs.

Learn all about the upcoming SpaceX IPO

3. Meta Launches First Stock Options

Meta (META 1.91%) is offering stock options to top executives in its drive to get ahead in the AI race. The options are the first since Meta’s IPO in 2012, with the initial tranche targeting $1,116 per share – 88% ahead of Tuesday’s close, for a market cap over $2.8 trillion. The stock ticked up around 1% in pre-market trading.

• $375 million penalty in child exploitation case: Elsewhere, the state of New Mexico has held Meta liable in a civil trial for failing to safeguard children who use its apps, following a 2023 undercover investigation. A Meta spokesperson said “We respectfully disagree with the verdict and will appeal.”
• Glasses launch delayed “because the battery isn’t removable”: U.S. ambassador to the European Union Andrew Puzder explained how the rollout of Meta Ray-Ban smart glasses in the E.U. is being held back by a combination of regulations and supply difficulties.

4. Apple Set to Launch New Siri App

As it works to restructure its AI offerings, Apple (AAPL +0.04%) is testing a stand-alone app version of its Siri AI assistant – set to be launched at its annual Worldwide Developers Conference in June, reports Bloomberg.

• “Ask Siri” button coming to iOS 27?: Delayed from last year, Apple promised the new Siri would launch in 2026, and it’s likely to integrate across Mac and iPhone products – with access to personal data, including messages and emails.
• AI chatbot format: The new Siri is expected to offer users a conversational, chat-like interface using voice and text – to counteract the growing dominance of tools like ChatGPT. Fool analyst Sanmeet Deo notes Apple “has a massive moat sitting in everyone’s pocket, the iPhone and the apps on it.”

5. Your Take

Even as long-term investors, it can be a little frustrating when a stock on your watchlist jumps significantly just as you were about to bring it into your portfolio.

What matters more to you, getting a good price or owning a good business?

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