Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
6.23
-0.08 (-1.27%)
At close: Nov 20, 2024, 4:00 PM
5.75
-0.48 (-7.70%)
After-hours: Nov 20, 2024, 7:36 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 84.59% from the current stock price of 6.23.
Analyst Consensus: Strong Buy
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 '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 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 | 5 | 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 | +124.72% | Nov 8, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +76.57% | Oct 21, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $9 → $10 | Strong Buy | Maintains | $9 → $10 | +60.51% | Aug 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $11 → $10 | Buy | Maintains | $11 → $10 | +60.51% | Aug 9, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $11 → $13 | Buy | Maintains | $11 → $13 | +108.67% | Apr 17, 2024 |
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
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 134.2M | 157.6M |
| Avg | 130.0M | 150.8M |
| Low | 124.3M | 142.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 31.5% | 21.2% |
| Avg | 27.4% | 16.0% |
| Low | 21.8% | 9.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.97 | -0.72 |
| Avg | -0.99 | -0.83 |
| Low | -0.99 | -0.89 |
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.