Backblaze, Inc. (BLZE)
NASDAQ: BLZE · IEX Real-Time Price · USD
9.18
+0.05 (0.55%)
Apr 19, 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 14, with a low estimate of 11 and a high estimate of 18. The average target predicts an increase of 52.51% from the current stock price of 9.18.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $11 → $13 | Buy | Maintains | $11 → $13 | +41.61% | Apr 17, 2024 |
| Raymond James | Raymond James | Buy Maintains $12 → $14 | Buy | Maintains | $12 → $14 | +52.51% | Feb 16, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $7.5 → $11 | Buy | Maintains | $7.5 → $11 | +19.83% | Feb 16, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $9 → $11 | Strong Buy | Maintains | $9 → $11 | +19.83% | Feb 9, 2024 |
| Raymond James | Raymond James | Buy Maintains $13 → $12 | Buy | Maintains | $13 → $12 | +30.72% | Nov 9, 2023 |
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
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 134.6M | 161.7M |
| Avg | 129.6M | 151.5M |
| Low | 123.5M | 141.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 31.9% | 24.8% |
| Avg | 27.0% | 16.9% |
| Low | 21.0% | 9.4% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.95 | -0.74 |
| Avg | -1.03 | -0.80 |
| Low | -1.17 | -0.84 |
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.