Backblaze, Inc. (BLZE)
NASDAQ: BLZE · IEX Real-Time Price · USD
9.11
+0.03 (0.33%)
Apr 16, 2024, 4:00 PM EDT - Market closed

Backblaze Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Backblaze stock have an average target of 13.5, with a low estimate of 11 and a high estimate of 18. The average target predicts an increase of 48.19% from the current stock price of 9.11.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $11 $13.5 $14 $18
Change +20.75% +48.19% +53.68% +97.59%
* Price targets were last updated on Feb 16, 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222221
Buy 333333
Hold 000000
Sell 000000
Strong Sell 000000
Total 555554

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Raymond James
Raymond James
Buy
Maintains
$12$14
Buy Maintains $12$14 +53.68% Feb 16, 2024
Oppenheimer
Oppenheimer
Buy
Maintains
$7.5$11
Buy Maintains $7.5$11 +20.75% Feb 16, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$9$11
Strong Buy Maintains $9$11 +20.75% Feb 9, 2024
Raymond James
Raymond James
Buy
Maintains
$13$12
Buy Maintains $13$12 +31.72% Nov 9, 2023
JMP Securities
JMP Securities
Buy
Reiterates
$18
Buy Reiterates $18 +97.59% Sep 1, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
129.58M
from 102.02M
Increased by 27.02%
Revenue Next Year
151.54M
from 129.58M
Increased by 16.95%
EPS This Year
-1.03
from -1.66
EPS Next Year
-0.80
from -1.03
Year 2019202020212022202320242025
Revenue
40.75M53.78M67.48M85.16M102.02M129.58M151.54M
Revenue Growth
-31.99%25.46%26.19%19.80%27.02%16.95%
EPS
-0.05-0.36-1.07-1.62-1.66-1.03-0.80
EPS Growth
-------
No. Analysts -----1010
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 134.6M 161.7M
Avg 129.6M 151.5M
Low 123.5M 141.7M

Revenue Growth

Revenue Growth 20242025
High
31.9%
24.8%
Avg
27.0%
16.9%
Low
21.0%
9.4%

EPS Forecast

EPS 20242025
High -0.95 -0.74
Avg -1.03 -0.80
Low -1.17 -0.84

EPS Growth

EPS Growth 20242025
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.