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Backblaze (NASDAQ:BLZE) Stock, Analyst Ratings, Price Targets, Forecasts
Backblaze Inc has a consensus price target of $12.8 based on the ratings of 6 analysts. The high is $18 issued by JMP Securities on September 1, 2023. The low is $10 issued by Oppenheimer on August 9, 2024. The 3 most-recent analyst ratings were released by Raymond James, Craig-Hallum, and Craig-Hallum on November 8, 2024, October 21, 2024, and August 9, 2024, respectively. With an average price target of $11.67 between Raymond James, Craig-Hallum, and Craig-Hallum, there's an implied 73.22% upside for Backblaze Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
Craig-Hallum
Oppenheimer
B. Riley Securities
JMP Securities
1calculated from analyst ratings
Analyst Ratings for Backblaze
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FAQ
What is the target price for Backblaze (BLZE) stock?
The latest price target for Backblaze (NASDAQ:BLZE) was reported by Raymond James on November 8, 2024. The analyst firm set a price target for $14.00 expecting BLZE to rise to within 12 months (a possible 107.87% upside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Backblaze (BLZE)?
The latest analyst rating for Backblaze (NASDAQ:BLZE) was provided by Raymond James, and Backblaze maintained their outperform rating.
When was the last upgrade for Backblaze (BLZE)?
There is no last upgrade for Backblaze
When was the last downgrade for Backblaze (BLZE)?
There is no last downgrade for Backblaze.
When is the next analyst rating going to be posted or updated for Backblaze (BLZE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Backblaze, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Backblaze was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
Is the Analyst Rating Backblaze (BLZE) correct?
While ratings are subjective and will change, the latest Backblaze (BLZE) rating was a maintained with a price target of $13.00 to $14.00. The current price Backblaze (BLZE) is trading at is $6.74, which is out of the analyst’s predicted range.
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