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Backblaze Analyst Ratings and Price Targets | NASDAQ:BLZE | Benzinga
Backblaze Inc has a consensus price target of $11.25 based on the ratings of 8 analysts. The high is $18 issued by JMP Securities on September 1, 2023. The low is $7 issued by JMP Securities on June 24, 2025. The 3 most-recent analyst ratings were released by JMP Securities, Needham, and Lake Street on June 24, 2025, March 11, 2025, and February 26, 2025, respectively. With an average price target of $8.67 between JMP Securities, Needham, and Lake Street, there's an implied 64.30% upside for Backblaze Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JMP Securities
Needham
Lake Street
B. Riley Securities
Raymond James
1calculated from analyst ratings
Analyst Ratings for Backblaze
Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
06/24/2025 | 32.7% | JMP Securities | → $7 | Initiates | → Market Outperform | |||
03/11/2025 | 51.66% | Needham | → $8 | Initiates | → Buy | |||
02/26/2025 | 108.53% | Lake Street | $12 → $11 | Maintains | Buy | |||
02/18/2025 | 108.53% | B. Riley Securities | $11.5 → $11 | Maintains | Buy | |||
11/08/2024 | 165.4% | Raymond James | $13 → $14 | Maintains | Outperform | |||
10/21/2024 | 108.53% | Craig-Hallum | $10 → $11 | Maintains | Buy | |||
08/09/2024 | 89.57% | Craig-Hallum | $9 → $10 | Maintains | Buy | |||
08/09/2024 | 89.57% | Oppenheimer | $11 → $10 | Maintains | Outperform | |||
04/17/2024 | 146.45% | Oppenheimer | $11 → $13 | Maintains | Outperform | |||
02/16/2024 | 165.4% | Raymond James | $12 → $14 | Maintains | Outperform | |||
02/16/2024 | 108.53% | Oppenheimer | $7.5 → $11 | Maintains | Outperform | |||
02/09/2024 | 108.53% | B. Riley Securities | $9 → $11 | Maintains | Buy | |||
11/09/2023 | 127.49% | Raymond James | $12.5 → $12 | Maintains | Outperform | |||
09/01/2023 | 241.23% | JMP Securities | → $18 | Reiterates | Market Outperform → Market Outperform | |||
08/24/2023 | 136.97% | Raymond James | $11 → $12.5 | Maintains | Outperform | |||
08/09/2023 | 42.18% | Oppenheimer | → $7.5 | Reiterates | Outperform → Outperform | |||
08/09/2023 | 108.53% | Raymond James | $10 → $11 | Maintains | Outperform | |||
05/11/2023 | 241.23% | JMP Securities | → $18 | Reiterates | Market Outperform → Market Outperform | |||
05/10/2023 | 89.57% | Raymond James | $11 → $10 | Maintains | Outperform | |||
04/17/2023 | 42.18% | Oppenheimer | $8.5 → $7.5 | Maintains | Outperform | |||
03/27/2023 | 51.66% | Craig-Hallum | → $8 | Initiates | → Buy | |||
02/22/2023 | 241.23% | JMP Securities | → $18 | Reiterates | → Market Outperform | |||
02/16/2023 | 70.62% | B. Riley Securities | $8.5 → $9 | Maintains | Buy | |||
11/10/2022 | 108.53% | Raymond James | $14.5 → $11 | Maintains | Outperform | |||
10/31/2022 | 108.53% | B. Riley Securities | $12.5 → $11 | Maintains | Buy | |||
10/25/2022 | 174.88% | Raymond James | $17 → $14.5 | Maintains | Outperform | |||
08/10/2022 | 222.27% | Raymond James | $16 → $17 | Maintains | Outperform |
FAQ
What is the target price for Backblaze (BLZE) stock?
The latest price target for Backblaze (NASDAQ:BLZE) was reported by JMP Securities on June 24, 2025. The analyst firm set a price target for $7.00 expecting BLZE to rise to within 12 months (a possible 32.70% upside). 8 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 JMP Securities, and Backblaze initiated their market outperform rating.
When was the last upgrade for Backblaze (BLZE)?
There is no last upgrade for Backblaze
When was the last downgrade for Backblaze (BLZE)?
There is no last downgrade for Backblaze.
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 June 24, 2025 so you should expect the next rating to be made available sometime around June 24, 2026.
Is the Analyst Rating Backblaze (BLZE) correct?
While ratings are subjective and will change, the latest Backblaze (BLZE) rating was a initiated with a price target of $0.00 to $7.00. The current price Backblaze (BLZE) is trading at is $5.28, which is within the analyst’s predicted range.
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