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$5.25
0.050.96%
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Backblaze Analyst Ratings and Price Targets | NASDAQ:BLZE | Benzinga
Backblaze Inc has a consensus price target of $11.86 based on the ratings of 7 analysts. The high is $18 issued by JMP Securities on September 1, 2023. The low is $8 issued by Needham on March 11, 2025. The 3 most-recent analyst ratings were released by Needham, Lake Street, and B. Riley Securities on March 11, 2025, February 26, 2025, and February 18, 2025, respectively. With an average price target of $10 between Needham, Lake Street, and B. Riley Securities, there's an implied 90.48% upside for Backblaze Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Needham
Lake Street
B. Riley Securities
Raymond James
Craig-Hallum
1calculated from analyst ratings
Analyst Ratings for Backblaze
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/11/2025 | Buy Now | 52.38% | Needham | Matt Dezort40% | → $8 | Initiates | → Buy | Get Alert |
| 02/26/2025 | Buy Now | 109.52% | Lake Street | Eric Martinuzzi50% | $12 → $11 | Maintains | Buy | Get Alert |
| 02/18/2025 | Buy Now | 109.52% | B. Riley Securities | Zach Cummins64% | $11.5 → $11 | Maintains | Buy | Get Alert |
| 11/08/2024 | Buy Now | 166.67% | Raymond James | Simon Leopold70% | $13 → $14 | Maintains | Outperform | Get Alert |
| 10/21/2024 | Buy Now | 109.52% | Craig-Hallum | Chad Bennett61% | $10 → $11 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 90.48% | Craig-Hallum | Chad Bennett61% | $9 → $10 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 90.48% | Oppenheimer | Ittai Kidron69% | $11 → $10 | Maintains | Outperform | Get Alert |
| 04/17/2024 | Buy Now | 147.62% | Oppenheimer | Ittai Kidron69% | $11 → $13 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 166.67% | Raymond James | Simon Leopold70% | $12 → $14 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 109.52% | Oppenheimer | Ittai Kidron69% | $7.5 → $11 | Maintains | Outperform | Get Alert |
| 02/09/2024 | Buy Now | 109.52% | B. Riley Securities | Zach Cummins64% | $9 → $11 | Maintains | Buy | Get Alert |
| 11/09/2023 | Buy Now | 128.57% | Raymond James | Simon Leopold70% | $12.5 → $12 | Maintains | Outperform | Get Alert |
| 09/01/2023 | Buy Now | 242.86% | JMP Securities | Erik Suppiger77% | → $18 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/24/2023 | Buy Now | 138.1% | Raymond James | Simon Leopold70% | $11 → $12.5 | Maintains | Outperform | Get Alert |
| 08/09/2023 | Buy Now | 42.86% | Oppenheimer | Ittai Kidron69% | → $7.5 | Reiterates | Outperform → Outperform | Get Alert |
| 08/09/2023 | Buy Now | 109.52% | Raymond James | Simon Leopold70% | $10 → $11 | Maintains | Outperform | Get Alert |
| 05/11/2023 | Buy Now | 242.86% | JMP Securities | Erik Suppiger77% | → $18 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 05/10/2023 | Buy Now | 90.48% | Raymond James | Simon Leopold70% | $11 → $10 | Maintains | Outperform | Get Alert |
| 04/17/2023 | Buy Now | 42.86% | Oppenheimer | Ittai Kidron69% | $8.5 → $7.5 | Maintains | Outperform | Get Alert |
| 03/27/2023 | Buy Now | 52.38% | Craig-Hallum | Chad Bennett61% | → $8 | Initiates | → Buy | Get Alert |
| 02/22/2023 | Buy Now | 242.86% | JMP Securities | Erik Suppiger77% | → $18 | Reiterates | → Market Outperform | Get Alert |
| 02/16/2023 | Buy Now | 71.43% | B. Riley Securities | Zach Cummins64% | $8.5 → $9 | Maintains | Buy | Get Alert |
| 11/10/2022 | Buy Now | 109.52% | Raymond James | Simon Leopold70% | $14.5 → $11 | Maintains | Outperform | Get Alert |
| 10/31/2022 | Buy Now | 109.52% | B. Riley Securities | Zach Cummins64% | $12.5 → $11 | Maintains | Buy | Get Alert |
| 10/25/2022 | Buy Now | 176.19% | Raymond James | Simon Leopold70% | $17 → $14.5 | Maintains | Outperform | Get Alert |
| 08/10/2022 | Buy Now | 223.81% | Raymond James | Simon Leopold70% | $16 → $17 | Maintains | Outperform | Get Alert |
| 05/06/2022 | Buy Now | 204.76% | Raymond James | Simon Leopold70% | $22 → $16 | Maintains | Outperform | Get Alert |
FAQ
What is the target price for Backblaze (BLZE) stock?
The latest price target for Backblaze (NASDAQ:BLZE) was reported by Needham on March 11, 2025. The analyst firm set a price target for $8.00 expecting BLZE to rise to within 12 months (a possible 52.38% 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 Needham, and Backblaze initiated their buy 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 March 11, 2025 so you should expect the next rating to be made available sometime around March 11, 2026.
Is the Analyst Rating Backblaze (BLZE) correct?
While ratings are subjective and will change, the latest Backblaze (BLZE) rating was a initiated with a price target of $0.00 to $8.00. The current price Backblaze (BLZE) is trading at is $5.25, which is within the analyst’s predicted range.
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