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

Analyst price target for BLZE

Based on 3 analysts offering 12 month price targets for Backblaze Inc.
Min Forecast
$11.00+20.61%
Avg Forecast
$12.67+38.89%
Max Forecast
$14.00+53.51%

Should I buy or sell BLZE stock?

Based on 3 analysts offering ratings for Backblaze Inc.
Strong Buy
Strong Buy
1 analysts 33.33%
Buy
2 analysts 66.67%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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BLZE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-02-16
lockedlocked$00.00+00.00%2024-02-09Find Out Why

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Forecast return on equity

Is BLZE forecast to generate an efficient return?

Forecast return on assets

Is BLZE forecast to generate an efficient return on assets?

BLZE revenue forecast

What is BLZE's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$126.6M+24.09%
Avg 2 year Forecast
$147.1M+44.18%
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
24.09%
Industry
7.26%
Market
13.66%
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$9.12$12.67+38.89%Strong Buy
OSPN$9.86$12.00+21.70%Hold
RXT$1.52$2.02+32.96%Sell
BAND$17.16$21.40+24.71%Buy
CGNT$6.64$7.75+16.72%Hold

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 Strong Buy BLZE stock.

Out of 3 analysts, 1 (33.33%) are recommending BLZE as a Strong Buy, 2 (66.67%) 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 revenue growth forecast for 2024-2025?

(NASDAQ: BLZE) Backblaze's forecast annual revenue growth rate of 24.09% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 7.26%, and it is also forecast to beat the US market's average forecast revenue growth rate of 13.66%.

Backblaze's revenue in 2024 is $102,019,000.On average, 4 Wall Street analysts forecast BLZE's revenue for 2024 to be $5,215,796,400, with the lowest BLZE revenue forecast at $5,170,600,000, and the highest BLZE revenue forecast at $5,232,400,000.

In 2025, BLZE is forecast to generate $6,060,355,200 in revenue, with the lowest revenue forecast at $5,957,520,000 and the highest revenue forecast at $6,220,788,000.

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

(NASDAQ: BLZE) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 14.78%.

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 $12.67, with the highest BLZE stock price forecast at $14.00 and the lowest BLZE stock price forecast at $11.00.

On average, Wall Street analysts predict that Backblaze's share price could reach $12.67 by Apr 17, 2025. The average Backblaze stock price prediction forecasts a potential upside of 38.89% from the current BLZE share price of $9.12.

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

(NASDAQ: BLZE) forecast ROE is N/A, which is considered weak.
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