• Consensus Rating: Buy
  • Consensus Price Target: $14.00
  • Forecasted Upside: 109.90%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$6.67
▼ -0.11 (-1.62%)

This chart shows the closing price for BLZE by one month, three months, or twelve months.

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Analyst Price Target for BLZE

Analyst Price Target is $14.00
▲ +109.90% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Backblaze in the last 3 months. The average price target is $14.00, with a high forecast of $18.00 and a low forecast of $11.00. The average price target represents a 109.90% upside from the last price of $6.67.

This chart shows the closing price for BLZE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 contributing investment analysts is to buy stock in Backblaze. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/1/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/1/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/28/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/26/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/24/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/24/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/17/2024OppenheimerBoost TargetOutperform ➝ Outperform$11.00 ➝ $13.00Low
2/16/2024Raymond JamesBoost TargetOutperform ➝ Outperform$12.00 ➝ $14.00Low
2/16/2024OppenheimerBoost TargetOutperform ➝ Outperform$7.50 ➝ $11.00Low
2/9/2024B. RileyBoost TargetBuy ➝ Buy$9.00 ➝ $11.00Low
11/9/2023Raymond JamesLower TargetOutperform ➝ Outperform$12.50 ➝ $12.00Low
9/1/2023JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$18.00Low
8/24/2023Raymond JamesBoost TargetOutperform ➝ Outperform$11.00 ➝ $12.50Low
8/9/2023Raymond JamesBoost TargetOutperform ➝ Outperform$10.00 ➝ $11.00Low
8/9/2023OppenheimerReiterated RatingOutperform ➝ Outperform$7.50Low
4/17/2023OppenheimerLower TargetOutperform$8.50 ➝ $7.50Low
3/27/2023Craig HallumInitiated CoverageBuy$8.00Low
2/22/2023JMP SecuritiesReiterated RatingMarket Outperform$18.00Low
2/16/2023B. RileyBoost TargetBuy$8.50 ➝ $9.00Low
11/15/2022OppenheimerLower Target$8.50N/A
11/10/2022B. RileyLower Target$11.00 ➝ $8.50Low
11/10/2022Raymond JamesLower TargetOutperform$14.50 ➝ $11.00Low
10/31/2022B. RileyLower TargetBuy$12.50 ➝ $11.00Low
10/25/2022Raymond JamesLower TargetOutperform$17.00 ➝ $14.50Low
5/6/2022Lake Street CapitalLower Target$21.00 ➝ $13.00High
5/6/2022B. RileyLower Target$23.00 ➝ $16.50High
2/18/2022Lake Street CapitalLower Target$28.00 ➝ $21.00High
2/18/2022Raymond JamesLower TargetOutperform$26.00 ➝ $22.00High
2/11/2022B. RileyLower Target$29.00 ➝ $23.00High
12/14/2021JMP SecuritiesReiterated RatingBuy$30.00High
12/6/2021Lake Street CapitalInitiated CoverageBuy$28.00Low
12/6/2021William BlairInitiated CoverageOutperformLow
12/6/2021OppenheimerInitiated CoverageOutperformLow
12/6/2021Raymond JamesInitiated CoverageOutperform$26.00Low
12/6/2021JMP SecuritiesInitiated CoverageOutperform$30.00Low
12/6/2021B. RileyInitiated CoverageBuy$29.00Low
(Data available from 5/24/2019 forward)

News Sentiment Rating

1.05 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/27/2023
  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/26/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/26/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2024
  • 7 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/24/2024
  • 3 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/25/2024
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/24/2024
  • 9 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/24/2024

Current Sentiment

  • 9 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Backblaze logo
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
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Today's Range

Now: $6.67
Low: $6.63
High: $6.91

50 Day Range

MA: $9.18
Low: $6.61
High: $10.75

52 Week Range

Now: $6.67
Low: $3.50
High: $12.65

Volume

126,248 shs

Average Volume

369,855 shs

Market Capitalization

$276.81 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.21

Frequently Asked Questions

What sell-side analysts currently cover shares of Backblaze?

The following Wall Street sell-side analysts have issued stock ratings on Backblaze in the last twelve months: B. Riley, JMP Securities, Oppenheimer Holdings Inc., and Raymond James.
View the latest analyst ratings for BLZE.

What is the current price target for Backblaze?

4 Wall Street analysts have set twelve-month price targets for Backblaze in the last year. Their average twelve-month price target is $14.00, suggesting a possible upside of 109.9%. JMP Securities has the highest price target set, predicting BLZE will reach $18.00 in the next twelve months. B. Riley has the lowest price target set, forecasting a price of $11.00 for Backblaze in the next year.
View the latest price targets for BLZE.

What is the current consensus analyst rating for Backblaze?

Backblaze currently has 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe BLZE will outperform the market and that investors should add to their positions of Backblaze.
View the latest ratings for BLZE.

What other companies compete with Backblaze?

Other companies that are similar to Backblaze include Red Violet, AudioEye, ON24, Porch Group and Innovid. Learn More about companies similar to Backblaze.

How do I contact Backblaze's investor relations team?

The company's listed phone number is 650-352-3738 and its investor relations email address is [email protected]. The official website for Backblaze is www.backblaze.com. Learn More about contacing Backblaze investor relations.