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NASDAQ: BLZE
Backblaze Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for BLZE

Based on 3 analysts offering 12 month price targets for Backblaze Inc

Min Forecast
$10.00+48.81%
Avg Forecast
$11.67+73.62%
Max Forecast
$14.00+108.33%

Should I buy or sell BLZE stock?

Based on 3 analysts offering ratings for Backblaze Inc.

Buy
Strong Buy
0 analysts 0%
Buy
3 analysts 100%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%
Although BLZE's forecast from analysts indicates a "Buy", our proven Zen Rating quant model rates BLZE as a "Hold". Stocks with a Zen Rating of Hold have beat the market by +7.53%. Learn More

Be the first to know when Wall Street analysts revise their BLZE stock forecasts and price targets.

BLZE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-11-08
lockedlocked$00.00+00.00%2024-10-21
lockedlocked$00.00+00.00%2024-08-09

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Forecast return on equity

Is BLZE forecast to generate an efficient return?

Company
-74.64%
Industry
41.17%
Market
74.33%
BLZE's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is BLZE forecast to generate an efficient return on assets?

Company
-23.46%
Industry
14.99%
BLZE is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

BLZE earnings per share forecast

What is BLZE's earnings per share in the next 2 years based on estimates from 4 analysts?

Avg 1 year Forecast
-$1.02
Avg 2 year Forecast
-$0.72

BLZE revenue forecast

What is BLZE's revenue in the next 2 years based on estimates from 4 analysts?

Avg 1 year Forecast
$127.6M+4.06%
Avg 2 year Forecast
$146.5M+19.54%
BLZE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

BLZE revenue growth forecast

How is BLZE forecast to perform vs Software - Infrastructure companies and vs the US market?

Company
4.06%
Industry
8.28%
Market
8.61%
BLZE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
BLZE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

BLZE vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
BLZE$6.72$11.67+73.62%Buy
BKKT$23.90N/AN/A
ARQQ$22.39$50.00+123.31%Buy
TLS$3.29$4.00+21.58%Buy
HPAI$5.80N/AN/A
View Top Software Infrastructure Stocks

Backblaze Stock Forecast FAQ

Is Backblaze Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: BLZE) stock is to Buy BLZE stock.

Out of 3 analysts, 0 (0%) are recommending BLZE as a Strong Buy, 3 (100%) are recommending BLZE as a Buy, 0 (0%) are recommending BLZE as a Hold, 0 (0%) are recommending BLZE as a Sell, and 0 (0%) are recommending BLZE as a Strong Sell.

If you're new to stock investing, here's how to buy Backblaze stock.

What is BLZE's earnings growth forecast for 2024-2025?

(NASDAQ: BLZE) Backblaze's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 7.59%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 40.99%.

Backblaze's earnings in 2024 is -$46,362,000.On average, 4 Wall Street analysts forecast BLZE's earnings for 2024 to be -$45,288,000, with the lowest BLZE earnings forecast at -$47,952,000, and the highest BLZE earnings forecast at -$44,400,000.

In 2025, BLZE is forecast to generate -$31,968,000 in earnings, with the lowest earnings forecast at -$36,852,000 and the highest earnings forecast at -$27,528,000.

What is BLZE's revenue growth forecast for 2024-2025?

(NASDAQ: BLZE) Backblaze's forecast annual revenue growth rate of 4.06% is not forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 8.28%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.61%.

Backblaze's revenue in 2024 is $122,579,000.On average, 4 Wall Street analysts forecast BLZE's revenue for 2024 to be $5,663,530,800, with the lowest BLZE revenue forecast at $5,661,000,000, and the highest BLZE revenue forecast at $5,669,880,000.

In 2025, BLZE is forecast to generate $6,505,932,000 in revenue, with the lowest revenue forecast at $6,469,080,000 and the highest revenue forecast at $6,544,560,000.

What is BLZE's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: BLZE) forecast ROA is -23.46%, which is lower than the forecast US Software - Infrastructure industry average of 14.99%.

What is BLZE's Price Target?

According to 3 Wall Street analysts that have issued a 1 year BLZE price target, the average BLZE price target is $11.67, with the highest BLZE stock price forecast at $14.00 and the lowest BLZE stock price forecast at $10.00.

On average, Wall Street analysts predict that Backblaze's share price could reach $11.67 by Nov 8, 2025. The average Backblaze stock price prediction forecasts a potential upside of 73.62% from the current BLZE share price of $6.72.

What is BLZE's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: BLZE) Backblaze's current Earnings Per Share (EPS) is -$1.12. On average, analysts forecast that BLZE's EPS will be -$1.02 for 2024, with the lowest EPS forecast at -$1.08, and the highest EPS forecast at -$1.00. In 2025, BLZE's EPS is forecast to hit -$0.72 (min: -$0.83, max: -$0.62).

What is BLZE's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: BLZE) forecast ROE is -74.64%, which is considered weak.
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