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A Glimpse Into The Expert Outlook On Backblaze Through 4 Analysts
Backblaze, Inc. Class A +0.27%
Backblaze, Inc. Class A BLZE | 3.67 | +0.27% |
Throughout the last three months, 4 analysts have evaluated Backblaze (NASDAQ:BLZE), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 0 | 0 | 0 |
| Last 30D | 3 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $7.5, a high estimate of $8.50, and a low estimate of $6.00. Experiencing a 17.76% decline, the current average is now lower than the previous average price target of $9.12.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Backblaze by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Eric Martinuzzi | Lake Street | Lowers | Buy | $8.00 | $10.00 |
| Zach Cummins | B. Riley Securities | Lowers | Buy | $7.50 | $9.00 |
| Ittai Kidron | Oppenheimer | Lowers | Outperform | $8.50 | $9.50 |
| Mike Cikos | Needham | Lowers | Buy | $6.00 | $8.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Backblaze. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Backblaze compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Backblaze's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Backblaze's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Backblaze analyst ratings.
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Delving into Backblaze's Background
Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and Other regions.
Backblaze: Financial Performance Dissected
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Backblaze's remarkable performance in 3M is evident. As of 30 September, 2025, the company achieved an impressive revenue growth rate of 14.03%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Backblaze's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -10.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Backblaze's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -4.65%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Backblaze's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.0%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Backblaze's debt-to-equity ratio is below the industry average at 0.77, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
