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Wall Street Analysts Think Backblaze (BLZE) Could Surge 39.08%: Read This Before Placing a Bet
BackblazeBackblaze(US:BLZE) ZACKSยท2025-08-21 14:56

Core Viewpoint - Backblaze, Inc. (BLZE) shares have increased by 39.3% in the past four weeks, closing at $7.65, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $10.64, representing a 39.1% upside [1] Price Targets - The average price target consists of seven short-term estimates ranging from a low of $8.00 to a high of $14.00, with a standard deviation of $2.06, indicating variability among analysts [2] - The lowest estimate suggests a 4.6% increase from the current price, while the highest estimate indicates an 83% upside [2] Analyst Sentiment - Analysts show strong agreement regarding BLZE's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - The Zacks Consensus Estimate for the current year has risen by 16.4% over the past month, with four estimates increasing and no negative revisions [12] Zacks Rank - BLZE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of potential gains, the direction implied by these targets appears to be a useful guide for further research [14]