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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.
1calculated from analyst ratings
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.
The latest analyst rating for Backblaze (NASDAQ:BLZE) was provided by B. Riley Securities, and Backblaze maintained their buy rating.
There is no last upgrade for Backblaze
There is no last downgrade for Backblaze.
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.
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.
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