Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
6.61
-0.14 (-2.07%)
Nov 14, 2024, 12:19 PM EST - Market open

Backblaze Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Backblaze stock have an average target of 11.5, with a low estimate of 10 and a high estimate of 14. The average target predicts an increase of 73.98% from the current stock price of 6.61.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $10 $11.5 $11 $14
Change +51.29% +73.98% +66.41% +111.80%

Analyst Ratings

The average analyst rating for Backblaze stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 112222
Buy 333322
Hold 000000
Sell 000000
Strong Sell 000000
Total 445544

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Raymond James
Raymond James
Buy
Maintains
$13$14
Buy Maintains $13$14 +111.80% Nov 8, 2024
Craig-Hallum
Craig-Hallum
Strong Buy
Maintains
$10$11
Strong Buy Maintains $10$11 +66.41% Oct 21, 2024
Craig-Hallum
Craig-Hallum
Strong Buy
Maintains
$9$10
Strong Buy Maintains $9$10 +51.29% Aug 9, 2024
Oppenheimer
Oppenheimer
Buy
Maintains
$11$10
Buy Maintains $11$10 +51.29% Aug 9, 2024
Oppenheimer
Oppenheimer
Buy
Maintains
$11$13
Buy Maintains $11$13 +96.67% Apr 17, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
130.01M
from 102.02M
Increased by 27.44%
Revenue Next Year
150.82M
from 130.01M
Increased by 16.01%
EPS This Year
-0.99
from -2.08
EPS Next Year
-0.83
from -0.99
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025
Revenue
40.75M53.78M67.48M85.16M102.02M130.01M150.82M
Revenue Growth
-31.99%25.46%26.19%19.80%27.44%16.01%
EPS
-0.05-0.36-1.07-1.62-2.08-0.99-0.83
EPS Growth
-------
Forward PE
-------
No. Analysts -----1010
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 134.2M 157.6M
Avg 130.0M 150.8M
Low 124.3M 142.4M

Revenue Growth

Revenue Growth 20242025
High
31.5%
21.2%
Avg
27.4%
16.0%
Low
21.8%
9.5%

EPS Forecast

EPS 20242025
High -0.97 -0.72
Avg -0.99 -0.83
Low -0.99 -0.89

EPS Growth

EPS Growth 20242025
High - -
Avg - -
Low - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.