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Backblaze - BLZE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $10.70
  • Forecasted Upside: 161.61%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$4.09 As of 06/8/2023 01:00 AM ET
▼ -0.02 (-0.49%)

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 $10.70
▲ +161.61% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Backblaze in the last 3 months. The average price target is $10.70, with a high forecast of $18.00 and a low forecast of $7.50. The average price target represents a 161.61% upside from the last price of $4.09.

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 5 investment analysts is to buy stock in Backblaze.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/15/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/15/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/13/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/11/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/10/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/10/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/9/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/8/2023

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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 6/8/2018 forward)

News Sentiment Rating

0.62 (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
  • 9 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/10/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
12/10/2022
  • 5 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/9/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/8/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/10/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/9/2023
  • 2 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
5/9/2023
  • 3 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/8/2023

Current Sentiment

  • 3 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

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 backups, multi-cloud, application development, and ransomware protection. 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: $4.09
Low: $4.05
High: $4.17

50 Day Range

MA: $4.35
Low: $3.98
High: $5.05

52 Week Range

Now: $4.09
Low: $3.82
High: $8.20

Volume

72,000 shs

Average Volume

107,021 shs

Market Capitalization

$140.29 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.46

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, Craig Hallum, JMP Securities, Oppenheimer Holdings Inc., and Raymond James.
View the latest analyst ratings for BLZE.

What is the current price target for Backblaze?

5 Wall Street analysts have set twelve-month price targets for Backblaze in the last year. Their average twelve-month price target is $10.70, suggesting a possible upside of 161.6%. JMP Securities has the highest price target set, predicting BLZE will reach $18.00 in the next twelve months. Oppenheimer Holdings Inc. has the lowest price target set, forecasting a price of $7.50 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 5 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 Porch Group, Cango, Innovid, MiX Telematics and FG Merger. 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.