$6.19
00.00%
Pre-Market: Jul 19, 4:02 PM EDT
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Backblaze
BLZENASDAQ
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Backblaze (NASDAQ:BLZE) Stock, Analyst Ratings, Price Targets, Forecasts
Backblaze Inc has a consensus price target of $15.5 based on the ratings of 7 analysts. The high is $29 issued by B. Riley Securities on December 6, 2021. The low is $8 issued by Craig-Hallum on March 27, 2023. The 3 most-recent analyst ratings were released by Oppenheimer, Raymond James, and Oppenheimer on April 17, 2024, February 16, 2024, and February 16, 2024, respectively. With an average price target of $12.67 between Oppenheimer, Raymond James, and Oppenheimer, there's an implied 104.63% upside for Backblaze Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Oppenheimer
Raymond James
B. Riley Securities
JMP Securities
Craig-Hallum
1calculated from analyst ratings
Analyst Ratings for Backblaze
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/17/2024 | Buy Now | 110.02% | Oppenheimer | Ittai Kidron | $11 → $13 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 126.17% | Raymond James | Simon Leopold | $12 → $14 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 77.71% | Oppenheimer | Ittai Kidron | $7.5 → $11 | Maintains | Outperform | Get Alert |
| 02/09/2024 | Buy Now | 77.71% | B. Riley Securities | Zach Cummins | $9 → $11 | Maintains | Buy | Get Alert |
| 11/09/2023 | Buy Now | 93.86% | Raymond James | Simon Leopold | $12.5 → $12 | Maintains | Outperform | Get Alert |
| 09/01/2023 | Buy Now | 190.79% | JMP Securities | Erik Suppiger | → $18 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/24/2023 | Buy Now | 101.94% | Raymond James | Simon Leopold | $11 → $12.5 | Maintains | Outperform | Get Alert |
| 08/09/2023 | Buy Now | 21.16% | Oppenheimer | Ittai Kidron | → $7.5 | Reiterates | Outperform → Outperform | Get Alert |
| 08/09/2023 | Buy Now | 77.71% | Raymond James | Simon Leopold | $10 → $11 | Maintains | Outperform | Get Alert |
| 05/11/2023 | Buy Now | 190.79% | JMP Securities | Erik Suppiger | → $18 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 05/10/2023 | Buy Now | 61.55% | Raymond James | Simon Leopold | $11 → $10 | Maintains | Outperform | Get Alert |
| 04/17/2023 | Buy Now | 21.16% | Oppenheimer | Ittai Kidron | $8.5 → $7.5 | Maintains | Outperform | Get Alert |
| 03/27/2023 | Buy Now | 29.24% | Craig-Hallum | Chad Bennett | → $8 | Initiates | → Buy | Get Alert |
| 02/22/2023 | Buy Now | 190.79% | JMP Securities | Erik Suppiger | → $18 | Reiterates | → Market Outperform | Get Alert |
| 02/16/2023 | Buy Now | 45.4% | B. Riley Securities | Zach Cummins | $8.5 → $9 | Maintains | Buy | Get Alert |
| 11/10/2022 | Buy Now | 77.71% | Raymond James | Simon Leopold | $14.5 → $11 | Maintains | Outperform | Get Alert |
| 10/31/2022 | Buy Now | 77.71% | B. Riley Securities | Zach Cummins | $12.5 → $11 | Maintains | Buy | Get Alert |
| 10/25/2022 | Buy Now | 134.25% | Raymond James | Simon Leopold | $17 → $14.5 | Maintains | Outperform | Get Alert |
| 08/10/2022 | Buy Now | 174.64% | Raymond James | Simon Leopold | $16 → $17 | Maintains | Outperform | Get Alert |
| 05/06/2022 | Buy Now | 158.48% | Raymond James | Simon Leopold | $22 → $16 | Maintains | Outperform | Get Alert |
| 02/18/2022 | Buy Now | 255.41% | Raymond James | Simon Leopold | $26 → $22 | Maintains | Outperform | Get Alert |
| 12/06/2021 | Buy Now | — | William Blair | Jason Ader | — | Initiates | → Outperform | Get Alert |
| 12/06/2021 | Buy Now | — | Oppenheimer | Ittai Kidron | — | Initiates | → Outperform | Get Alert |
| 12/06/2021 | Buy Now | 320.03% | Raymond James | Simon Leopold | — | Initiates | → Outperform | Get Alert |
| 12/06/2021 | Buy Now | 384.65% | JMP Securities | Erik Suppiger | — | Initiates | → Market Outperform | Get Alert |
| 12/06/2021 | Buy Now | 368.5% | B. Riley Securities | — | — | Initiates | → Buy | Get Alert |
FAQ
What is the target price for Backblaze (BLZE) stock?
The latest price target for Backblaze (NASDAQ:BLZE) was reported by Oppenheimer on April 17, 2024. The analyst firm set a price target for $13.00 expecting BLZE to rise to within 12 months (a possible 110.02% upside). 9 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 Oppenheimer, 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 April 17, 2024 so you should expect the next rating to be made available sometime around April 17, 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 $11.00 to $13.00. The current price Backblaze (BLZE) is trading at is $6.19, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.