Backblaze Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Backblaze stock have an average target of 10.83, with a low estimate of 8.00 and a high estimate of 14. The average target predicts an increase of 123.53% from the current stock price of 4.85.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$8.00	$10.83	$11	$14
Change	+65.12%	+123.53%	+127.04%	+188.96%

Analyst Ratings

The average analyst rating for Backblaze stock from 6 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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	2	2	2	2	3	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	4	4	5	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matt Dezort Needham	Needham	Strong Buy Initiates $8	Strong Buy	Initiates	$8	+65.12%	Mar 11, 2025
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $12 → $11	Strong Buy	Maintains	$12 → $11	+127.04%	Feb 26, 2025
Zach Cummins B. Riley Securities	B. Riley Securities	Strong Buy Maintains $12 → $11	Strong Buy	Maintains	$12 → $11	+127.04%	Feb 18, 2025
Simon Leopold Raymond James	Raymond James	Buy Maintains $13 → $14	Buy	Maintains	$13 → $14	+188.96%	Nov 8, 2024
Chad Bennett Craig-Hallum	Craig-Hallum	Strong Buy Maintains $10 → $11	Strong Buy	Maintains	$10 → $11	+127.04%	Oct 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

147.92M

from 127.63M

15.90%

from 127.63M

Revenue Next Year

169.31M

from 147.92M

14.46%

from 147.92M

EPS This Year

-0.75

from -1.11

EPS Next Year

-0.52

from -0.75

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	53.78M	67.48M	85.16M	102.02M	127.63M	147.92M	169.31M
Revenue Growth	31.99%	25.46%	26.20%	19.80%	25.10%	15.90%	14.46%
EPS	-0.36	-1.07	-1.62	-1.66	-1.11	-0.75	-0.52
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	9	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	153.6M	178.7M
Avg	147.9M	169.3M
Low	141.1M	156.9M

Revenue Growth

Revenue Growth	2025	2026
High	20.4%	20.8%
Avg	15.9%	14.5%
Low	10.6%	6.1%

EPS Forecast

EPS	2025	2026
High	-0.63	-0.54
Avg	-0.75	-0.52
Low	-0.95	-0.50

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.