Backblaze, Inc. (BLZE)
NASDAQ: BLZE · IEX Real-Time Price · USD
6.02
-0.20 (-3.22%)
At close: Jul 2, 2024, 4:00 PM
6.15
+0.13 (2.16%)
After-hours: Jul 2, 2024, 7:54 PM EDT
Backblaze Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Backblaze stock have an average target of 14, with a low estimate of 11 and a high estimate of 18. The average target predicts an increase of 132.56% from the current stock price of 6.02.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 17, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 1 | 1 | 1 |
Buy | 3 | 3 | 3 | 3 | 3 | 3 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 5 | 5 | 5 | 4 | 4 | 4 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Oppenheimer | Oppenheimer | Buy Maintains $11 → $13 | Buy | Maintains | $11 → $13 | +115.95% | Apr 17, 2024 |
Raymond James | Raymond James | Buy Maintains $12 → $14 | Buy | Maintains | $12 → $14 | +132.56% | Feb 16, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $7.5 → $11 | Buy | Maintains | $7.5 → $11 | +82.72% | Feb 16, 2024 |
B. Riley Securities | B. Riley Securities | Strong Buy Maintains $9 → $11 | Strong Buy | Maintains | $9 → $11 | +82.72% | Feb 9, 2024 |
Raymond James | Raymond James | Buy Maintains $13 → $12 | Buy | Maintains | $13 → $12 | +99.34% | Nov 9, 2023 |
Financial Forecast
Revenue This Year
129.32M
from 102.02M
Increased by 26.76%
Revenue Next Year
150.54M
from 129.32M
Increased by 16.41%
EPS This Year
-1.04
from -1.66
EPS Next Year
-0.88
from -1.04
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 133.9M | 160.0M |
Avg | 129.3M | 150.5M |
Low | 123.5M | 141.7M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 31.2% | 23.7% |
Avg | 26.8% | 16.4% |
Low | 21.1% | 9.6% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | -0.99 | -0.75 |
Avg | -1.04 | -0.88 |
Low | -1.09 | -1.09 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.