Analyst Price Target is $11.50
▲ +79.13% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Backblaze in the last 3 months. The average price target is $11.50, with a high forecast of $14.00 and a low forecast of $10.00. The average price target represents a 79.13% upside from the last price of $6.42.
Current Consensus is
Buy
The current consensus among 4 polled investment analysts is to buy stock in Backblaze. This Buy consensus rating has held steady for over two years.
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
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