Analyst Expectations for Backblaze's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 analysts have published somewhat bullish opinions on Backblaze (NASDAQ:BLZE) stock. The average 12-month price target for Backblaze has increased by 16.67% from the previous average price target of $10.50 to $12.25, with a high of $18.00 and a low of $7.50.
September 01, 2023 | 1:00 pm
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Analysts have shown a somewhat bullish sentiment towards Backblaze (NASDAQ:BLZE) stock over the past 3 months. The average 12-month price target has increased by 16.67% to $12.25.
The somewhat bullish sentiment from analysts and the increase in the average 12-month price target suggest a positive short-term impact on Backblaze's stock. However, as analysts' opinions are not always accurate, the impact should be considered with caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100