Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
6.42
+0.03 (0.47%)
At close: Dec 20, 2024, 4:00 PM
6.74
+0.32 (4.98%)
After-hours: Dec 20, 2024, 6:04 PM EST
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 79.13% from the current stock price of 6.42.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 8, 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 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 | 5 | 5 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $13 → $14 | Buy | Maintains | $13 → $14 | +118.07% | Nov 8, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +71.34% | Oct 21, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $9 → $10 | Strong Buy | Maintains | $9 → $10 | +55.76% | Aug 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $11 → $10 | Buy | Maintains | $11 → $10 | +55.76% | Aug 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $11 → $13 | Buy | Maintains | $11 → $13 | +102.49% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
130.10M
from 102.02M
Increased by 27.53%
Revenue Next Year
149.27M
from 130.10M
Increased by 14.73%
EPS This Year
-1.08
from -2.08
EPS Next Year
-0.77
from -1.08
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 134.1M | 155.4M |
| Avg | 130.1M | 149.3M |
| Low | 124.8M | 140.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 31.5% | 19.4% |
| Avg | 27.5% | 14.7% |
| Low | 22.3% | 7.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.04 | -0.63 |
| Avg | -1.08 | -0.77 |
| Low | -1.10 | -0.95 |
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.