Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
5.30
+0.08 (1.53%)
At close: May 12, 2025, 4:00 PM
5.25
-0.05 (-0.94%)
After-hours: May 12, 2025, 6:14 PM EDT
Backblaze Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Backblaze stock have an average target of 10.83, with a low estimate of 8.00 and a high estimate of 14. The average target predicts an increase of 104.34% from the current stock price of 5.30.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 11, 2025.
Analyst Ratings
The average analyst rating for Backblaze stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Initiates $8 | Strong Buy | Initiates | $8 | +50.94% | Mar 11, 2025 |
| Lake Street | Lake Street | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +107.55% | Feb 26, 2025 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +107.55% | Feb 18, 2025 |
| Raymond James | Raymond James | Buy Maintains $13 → $14 | Buy | Maintains | $13 → $14 | +164.15% | Nov 8, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +107.55% | Oct 21, 2024 |
Financial Forecast
Revenue This Year
147.37M
from 127.63M
Increased by 15.47%
Revenue Next Year
168.44M
from 147.37M
Increased by 14.30%
EPS This Year
-0.64
from -1.11
EPS Next Year
-0.48
from -0.64
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 153.6M | 178.7M |
| Avg | 147.4M | 168.4M |
| Low | 137.5M | 151.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 20.4% | 21.3% |
| Avg | 15.5% | 14.3% |
| Low | 7.7% | 3.1% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | -0.49 | -0.32 |
| Avg | -0.64 | -0.48 |
| Low | -0.72 | -0.57 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.