Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
5.41
+0.09 (1.69%)
At close: May 16, 2025, 4:00 PM
5.30
-0.11 (-2.03%)
After-hours: May 16, 2025, 7:52 PM EDT
Backblaze Stock Forecast
Stock Price Forecast
According to 6 professional analysts, the 12-month price target for Backblaze stock ranges from a low of $8.00 to a high of $14. The average analyst price target of $10.83 forecasts a 100.18% increase in the stock price over the next year.
Price Target: $10.83 (+100.18%)
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 11, 2025.
Analyst Ratings
The average analyst rating for Backblaze stock 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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Initiates $8 | Strong Buy | Initiates | $8 | +47.87% | Mar 11, 2025 |
| Lake Street | Lake Street | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +103.33% | Feb 26, 2025 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +103.33% | Feb 18, 2025 |
| Raymond James | Raymond James | Buy Maintains $13 → $14 | Buy | Maintains | $13 → $14 | +158.78% | Nov 8, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +103.33% | Oct 21, 2024 |
Financial Forecast
Revenue This Year
147.55M
from 127.63M
Increased by 15.61%
Revenue Next Year
168.79M
from 147.55M
Increased by 14.40%
EPS This Year
-0.64
from -1.11
EPS Next Year
-0.48
from -0.64
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 153.6M | 177.1M |
| Avg | 147.6M | 168.8M |
| Low | 137.5M | 158.8M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 20.4% | 20.1% |
| Avg | 15.6% | 14.4% |
| Low | 7.7% | 7.6% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | -0.49 | -0.32 |
| Avg | -0.64 | -0.48 |
| Low | -0.72 | -0.57 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| 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.