Backblaze (BLZE) Stock Forecast, Price Target & Predictions
BLZE Stock Forecast
Backblaze stock forecast is as follows: an average price target of $10.50 (represents a 43.44% upside from BLZE’s last price of $7.32) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
BLZE Price Target
The average price target for Backblaze (BLZE) is $10.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $11.00 to $10.00. This represents a potential 43.44% upside from BLZE's last price of $7.32.
BLZE Analyst Ratings
According to 4 Wall Street analysts, Backblaze's rating consensus is 'Buy'. The analyst rating breakdown for BLZE stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Backblaze Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Jeff Van Rhee | Craig-Hallum | $11.00 | $7.47 | 47.16% | 50.27% |
| Aug 09, 2024 | Ittai Kidron | Oppenheimer | $10.00 | $5.19 | 92.68% | 36.61% |
The latest Backblaze stock forecast, released on Oct 21, 2024 by Jeff Van Rhee from Craig-Hallum, set a price target of $11.00, which represents a 47.16% increase from the stock price at the time of the forecast ($7.47), and a 50.27% increase from BLZE last price ($7.32).
Backblaze Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 2 |
| Avg Price Target | $11.00 | $10.50 | $10.50 |
| Last Closing Price | $7.32 | $7.32 | $7.32 |
| Upside/Downside | 50.27% | 43.44% | 43.44% |
In the current month, the average price target of Backblaze stock is $11.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 50.27% increase as opposed to Backblaze's last price of $7.32. This month's average price target is up 4.76% compared to last quarter, and up 4.76% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 09, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Feb 09, 2024 | B. Riley Securities | Buy | Buy | Hold |
| Feb 18, 2022 | Raymond James | Outperform | Outperform | Hold |
Backblaze's last stock rating was published by Craig-Hallum on Oct 21, 2024. The company gave BLZE a "Buy" rating, the same as its previous rate.
Backblaze Financial Forecast
Backblaze Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $25.30M | - | $23.39M | $22.93M | $22.05M | $20.69M | $19.49M | $18.70M | $17.32M |
| Avg Forecast | $39.16M | $37.81M | $36.04M | $34.73M | $33.64M | $32.54M | $30.86M | $29.72M | $28.21M | $25.23M | $24.27M | $23.31M | $22.74M | $21.99M | $20.30M | $19.12M | $18.02M | $17.04M |
| High Forecast | $39.16M | $37.81M | $36.04M | $34.73M | $33.64M | $32.60M | $30.86M | $29.72M | $28.33M | $25.30M | $24.27M | $23.31M | $22.74M | $21.99M | $20.30M | $19.12M | $18.02M | $17.04M |
| Low Forecast | $39.16M | $37.81M | $36.04M | $34.73M | $33.64M | $32.40M | $30.86M | $29.72M | $28.13M | $25.11M | $24.27M | $23.31M | $22.74M | $21.99M | $20.30M | $19.12M | $18.02M | $17.04M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | - | 1.00% | 1.01% | 1.00% | 1.02% | 1.02% | 1.04% | 1.02% |
Backblaze's average Quarter revenue forecast for Dec 23 based on 4 analysts is $28.21M, with a low forecast of $28.13M, and a high forecast of $28.33M. BLZE's average Quarter revenue forecast represents a 11.50% increase compared to the company's last Quarter revenue of $25.30M (Sep 23).
Backblaze EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | $-9.09M | - | $-11.07M | $-8.38M | $-6.73M | $-6.74M | $-6.21M | $-6.28M | $-966.00K |
| Avg Forecast | $-1.99M | $-1.92M | $-1.83M | $-1.77M | $-1.71M | $-1.66M | $-1.57M | $-1.51M | $-1.44M | $-1.28M | $-1.23M | $-1.19M | $-1.16M | $-1.12M | $-1.03M | $-5.81M | $-5.32M | $-867.20K |
| High Forecast | $-1.99M | $-1.92M | $-1.83M | $-1.77M | $-1.71M | $-1.65M | $-1.57M | $-1.51M | $-1.43M | $-1.28M | $-1.23M | $-1.19M | $-1.16M | $-1.12M | $-1.03M | $-4.65M | $-4.26M | $-867.20K |
| Low Forecast | $-1.99M | $-1.92M | $-1.83M | $-1.77M | $-1.71M | $-1.66M | $-1.57M | $-1.51M | $-1.44M | $-1.29M | $-1.23M | $-1.19M | $-1.16M | $-1.12M | $-1.03M | $-6.98M | $-6.39M | $-867.20K |
| Surprise % | - | - | - | - | - | - | - | - | - | 7.08% | - | 9.33% | 7.25% | 6.02% | 6.53% | 1.07% | 1.18% | 1.11% |
undefined analysts predict BLZE's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Backblaze's previous annual EBITDA (undefined) of $NaN.
Backblaze Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | $-16.05M | - | $-18.35M | $-14.79M | $-12.59M | $-11.57M | $-12.53M | $-9.69M | $-5.99M |
| Avg Forecast | $-2.63M | $-3.16M | $-3.58M | $-3.48M | $-3.61M | $-4.58M | $-5.48M | $-6.25M | $-7.59M | $-9.15M | $-10.49M | $-11.98M | $-12.15M | $-10.75M | $-12.79M | $-10.79M | $-8.15M | $-8.15M |
| High Forecast | $-2.63M | $-3.16M | $-3.58M | $-3.48M | $-3.61M | $-3.74M | $-5.48M | $-6.25M | $-6.79M | $-8.91M | $-10.49M | $-11.98M | $-12.15M | $-10.75M | $-12.79M | $-8.63M | $-6.52M | $-8.15M |
| Low Forecast | $-2.63M | $-3.16M | $-3.58M | $-3.48M | $-3.61M | $-5.41M | $-5.48M | $-6.25M | $-8.39M | $-9.65M | $-10.49M | $-11.98M | $-12.15M | $-10.75M | $-12.79M | $-12.95M | $-9.78M | $-8.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.75% | - | 1.53% | 1.22% | 1.17% | 0.91% | 1.16% | 1.19% | 0.74% |
Backblaze's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. BLZE's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Backblaze SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | $17.68M | - | $17.24M | $16.94M | $15.12M | $13.55M | $13.56M | $11.19M | $8.13M |
| Avg Forecast | $19.24M | $18.57M | $17.70M | $17.06M | $16.53M | $15.98M | $15.16M | $14.60M | $13.86M | $12.39M | $11.92M | $11.45M | $11.17M | $10.80M | $9.97M | $11.67M | $9.49M | $8.37M |
| High Forecast | $19.24M | $18.57M | $17.70M | $17.06M | $16.53M | $16.01M | $15.16M | $14.60M | $13.92M | $12.43M | $11.92M | $11.45M | $11.17M | $10.80M | $9.97M | $14.01M | $11.39M | $8.37M |
| Low Forecast | $19.24M | $18.57M | $17.70M | $17.06M | $16.53M | $15.92M | $15.16M | $14.60M | $13.82M | $12.34M | $11.92M | $11.45M | $11.17M | $10.80M | $9.97M | $9.34M | $7.59M | $8.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.43% | - | 1.51% | 1.52% | 1.40% | 1.36% | 1.16% | 1.18% | 0.97% |
Backblaze's average Quarter SG&A projection for Dec 23 is $13.86M, based on 4 Wall Street analysts, with a range of $13.82M to $13.92M. The forecast indicates a -21.62% fall compared to BLZE last annual SG&A of $17.68M (Sep 23).
Backblaze EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | $-0.44 | - | $-0.54 | $-0.45 | $-0.39 | $-0.37 | $-0.41 | $-0.39 | $-0.20 |
| Avg Forecast | $-0.06 | $-0.07 | $-0.09 | $-0.08 | $-0.09 | $-0.11 | $-0.13 | $-0.15 | $-0.18 | $-0.22 | $-0.25 | $-0.28 | $-0.29 | $-0.26 | $-0.30 | $-0.29 | $-0.26 | $-0.19 |
| High Forecast | $-0.06 | $-0.07 | $-0.09 | $-0.08 | $-0.09 | $-0.09 | $-0.13 | $-0.15 | $-0.16 | $-0.21 | $-0.25 | $-0.28 | $-0.29 | $-0.26 | $-0.30 | $-0.29 | $-0.26 | $-0.19 |
| Low Forecast | $-0.06 | $-0.07 | $-0.09 | $-0.08 | $-0.09 | $-0.13 | $-0.13 | $-0.15 | $-0.20 | $-0.23 | $-0.25 | $-0.28 | $-0.29 | $-0.26 | $-0.30 | $-0.29 | $-0.26 | $-0.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | 2.03% | - | 1.90% | 1.56% | 1.53% | 1.22% | 1.40% | 1.51% | 1.06% |
According to undefined Wall Street analysts, Backblaze's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BLZE previous annual EPS of $NaN (undefined).
Backblaze Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PRTH | Priority Technology | $5.05 | $13.00 | 157.43% | Buy |
| STER | Sterling Check | $16.74 | $26.00 | 55.32% | Hold |
| IMXI | International Money Express | $17.49 | $27.00 | 54.37% | Buy |
| BLZE | Backblaze | $7.32 | $10.50 | 43.44% | Buy |
| AVDX | AvidXchange | $8.38 | $11.39 | 35.92% | Hold |
| INFA | Informatica | $25.61 | $33.67 | 31.47% | Buy |
| RELY | Remitly Global | $18.93 | $23.00 | 21.50% | Buy |
| EVCM | EverCommerce | $10.87 | $12.29 | 13.06% | Buy |
| CSGS | CSG Systems | $47.66 | $52.00 | 9.11% | Buy |
| NTCT | NetScout Systems | $20.35 | $22.00 | 8.11% | Hold |
| OSPN | OneSpan | $16.68 | $18.00 | 7.91% | Buy |
| CCSI | Consensus Cloud Solutions | $23.57 | $25.00 | 6.07% | Buy |
| EVTC | EVERTEC | $33.02 | $28.00 | -15.20% | Sell |
| ACIW | ACI Worldwide | $50.15 | $42.17 | -15.91% | Buy |
BLZE Forecast FAQ
Is Backblaze a good buy?
Yes, according to 4 Wall Street analysts, Backblaze (BLZE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of BLZE's total ratings.
What is BLZE's price target?
Backblaze (BLZE) average price target is $10.5 with a range of $10 to $11, implying a 43.44% from its last price of $7.32. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Backblaze stock go up soon?
According to Wall Street analysts' prediction for BLZE stock, the company can go up by 43.44% (from the last price of $7.32 to the average price target of $10.5), up by 50.27% based on the highest stock price target, and up by 36.61% based on the lowest stock price target.
Can Backblaze stock reach $11?
BLZE's average twelve months analyst stock price target of $10.5 does not support the claim that Backblaze can reach $11 in the near future.
What is Backblaze's current price target trend?
1 Wall Street analyst forecast a $11 price target for Backblaze (BLZE) this month, up 50.27% from its last price of $7.32. Compared to the last 3 and 12 months, the average price target increased by 43.44% and increased by 43.44%, respectively.
What are Backblaze's analysts' financial forecasts?
Backblaze's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $126.76M (high $126.82M, low $126.61M), average EBITDA is $-6.449M (high $-6.442M, low $-6.452M), average net income is $-19.922M (high $-19.089M, low $-20.754M), average SG&A $62.27M (high $62.3M, low $62.2M), and average EPS is $-0.473 (high $-0.453, low $-0.492). BLZE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $147.73M (high $147.73M, low $147.73M), average EBITDA is $-7.516M (high $-7.516M, low $-7.516M), average net income is $-12.856M (high $-12.856M, low $-12.856M), average SG&A $72.58M (high $72.58M, low $72.58M), and average EPS is $-0.305 (high $-0.305, low $-0.305).
Did the BLZE's actual financial results beat the analysts' financial forecasts?
Based on Backblaze's last annual report (Dec 2022), the company's revenue was $85.16M, beating the average analysts forecast of $84.15M by 1.20%. Apple's EBITDA was $-28.262M, beating the average prediction of $-9.122M by 209.82%. The company's net income was $-51.698M, beating the average estimation of $-46.478M by 11.23%. Apple's SG&A was $59.17M, beating the average forecast of $43.62M by 35.64%. Lastly, the company's EPS was $-1.63, beating the average prediction of $-1.14 by 42.98%. In terms of the last quarterly report (Sep 2023), Backblaze's revenue was $25.3M, beating the average analysts' forecast of $25.23M by 0.28%. The company's EBITDA was $-9.093M, beating the average prediction of $-1.284M by 608.39%. Backblaze's net income was $-16.055M, beating the average estimation of $-9.153M by 75.41%. The company's SG&A was $17.68M, beating the average forecast of $12.39M by 42.64%. Lastly, the company's EPS was $-0.44, beating the average prediction of $-0.217 by 102.63%