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Backblaze

BLZENASDAQ
Logo brought to you by Benzinga Data
$7.21
-0.24-3.22%
At close: -
$7.30
0.091.25%
After Hours: 5:35 PM EDT
Q4 2024 Earnings in 3 days from now on Tue Feb 25th, after the market close
Conference call scheduled in 3 days at 17:00 PM Click to view the webcast
Consensus Rating1
Buy
Highest Price Target1
$18.00
Lowest Price Target1
$10.00
Consensus Price Target1
$12.80

Backblaze (NASDAQ:BLZE) Stock, Analyst Ratings, Price Targets, Forecasts

Backblaze Inc has a consensus price target of $12.8 based on the ratings of 5 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 B. Riley Securities, Raymond James, and Craig-Hallum on February 18, 2025, November 8, 2024, and October 21, 2024, respectively. With an average price target of $12 between B. Riley Securities, Raymond James, and Craig-Hallum, there's an implied 64.38% upside for Backblaze Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Oct 24
1
Nov 24
1
Feb
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.4
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

B. Riley Securities
Raymond James
Craig-Hallum
Oppenheimer
JMP Securities

1calculated from analyst ratings

Analyst Ratings for Backblaze

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Backblaze (BLZE) stock?

A

The latest price target for Backblaze (NASDAQ:BLZE) was reported by B. Riley Securities on February 18, 2025. The analyst firm set a price target for $11.00 expecting BLZE to rise to within 12 months (a possible 50.68% upside). 6 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Backblaze (BLZE)?

A

The latest analyst rating for Backblaze (NASDAQ:BLZE) was provided by B. Riley Securities, and Backblaze maintained their buy rating.

Q

When was the last upgrade for Backblaze (BLZE)?

A

There is no last upgrade for Backblaze

Q

When was the last downgrade for Backblaze (BLZE)?

A

There is no last downgrade for Backblaze.

Q

When is the next analyst rating going to be posted or updated for Backblaze (BLZE)?

A

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 February 18, 2025 so you should expect the next rating to be made available sometime around February 18, 2026.

Q

Is the Analyst Rating Backblaze (BLZE) correct?

A

While ratings are subjective and will change, the latest Backblaze (BLZE) rating was a maintained with a price target of $11.50 to $11.00. The current price Backblaze (BLZE) is trading at is $7.30, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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