During the last three months, 4 analysts shared their evaluations of Backblaze (NASDAQ:BLZE), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
1
3
0
0
0
Last 30D
0
1
0
0
0
1M Ago
0
0
0
0
0
2M Ago
0
0
0
0
0
3M Ago
1
2
0
0
0
In the assessment of 12-month price targets, analysts unveil insights for Backblaze, presenting an average target of $12.25, a high estimate of $14.00, and a low estimate of $11.00. Marking an increase of 23.99%, the current average surpasses the previous average price target of $9.88.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Backblaze by financial experts is analyzed through recent analyst actions. 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
Ittai Kidron
Oppenheimer
Raises
Outperform
$13.00
$11.00
Simon Leopold
Raymond James
Raises
Outperform
$14.00
$12.00
Ittai Kidron
Oppenheimer
Raises
Outperform
$11.00
$7.50
Zach Cummins
B. Riley Securities
Raises
Buy
$11.00
$9.00
Key Insights:
Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Backblaze. This insight gives a snapshot of analysts' perspectives on the current state of the company.
Rating: ...Full story available on Benzinga.com
Benzinga
