| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 11/09/2023 | 96.42% | Raymond James | $12.5 → $12 | Maintains | Outperform |
| 09/01/2023 | 194.63% | JMP Securities | → $18 | Reiterates | Market Outperform → Market Outperform |
| 08/24/2023 | 104.6% | Raymond James | $11 → $12.5 | Maintains | Outperform |
| 08/09/2023 | 22.76% | Oppenheimer | → $7.5 | Reiterates | Outperform → Outperform |
| 08/09/2023 | 80.05% | Raymond James | $10 → $11 | Maintains | Outperform |
| 05/11/2023 | 194.63% | JMP Securities | → $18 | Reiterates | Market Outperform → Market Outperform |
| 05/10/2023 | 63.68% | Raymond James | $11 → $10 | Maintains | Outperform |
| 04/17/2023 | 22.76% | Oppenheimer | $8.5 → $7.5 | Maintains | Outperform |
| 03/27/2023 | 30.95% | Craig-Hallum | → $8 | Initiates Coverage On | → Buy |
| 02/22/2023 | 194.63% | JMP Securities | → $18 | Reiterates | → Market Outperform |
| 02/16/2023 | 47.31% | B. Riley Securities | $8.5 → $9 | Maintains | Buy |
| 11/10/2022 | 80.05% | Raymond James | $14.5 → $11 | Maintains | Outperform |
| 10/31/2022 | 80.05% | B. Riley Securities | $12.5 → $11 | Maintains | Buy |
| 10/25/2022 | 137.34% | Raymond James | $17 → $14.5 | Maintains | Outperform |
| 08/10/2022 | 178.26% | Raymond James | $16 → $17 | Maintains | Outperform |
| 05/06/2022 | 161.89% | Raymond James | $22 → $16 | Maintains | Outperform |
| 02/18/2022 | 260.1% | Raymond James | $26 → $22 | Maintains | Outperform |
| 12/06/2021 | — | William Blair | Initiates Coverage On | → Outperform | |
| 12/06/2021 | — | Oppenheimer | Initiates Coverage On | → Outperform | |
| 12/06/2021 | 325.57% | Raymond James | → $26 | Initiates Coverage On | → Outperform |
| 12/06/2021 | 391.05% | JMP Securities | → $30 | Initiates Coverage On | → Market Outperform |
| 12/06/2021 | 374.68% | B. Riley Securities | → $29 | Initiates Coverage On | → Buy |
What is the target price for Backblaze (BLZE)?
The latest price target for Backblaze (NASDAQ: BLZE) was reported by Raymond James on November 9, 2023. The analyst firm set a price target for $12.00 expecting BLZE to rise to within 12 months (a possible 96.42% upside). 12 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Backblaze (BLZE)?
The latest analyst rating for Backblaze (NASDAQ: BLZE) was provided by Raymond James, and Backblaze maintained their outperform rating.
When is the next analyst rating going to be posted or updated for Backblaze (BLZE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Backblaze, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Backblaze was filed on November 9, 2023 so you should expect the next rating to be made available sometime around November 9, 2024.
Is the Analyst Rating Backblaze (BLZE) correct?
While ratings are subjective and will change, the latest Backblaze (BLZE) rating was a maintained with a price target of $12.50 to $12.00. The current price Backblaze (BLZE) is trading at is $6.11, which is out of the analyst's predicted range.