Backblaze Stock Target Price and Analyst Consensus
| BLZE Stock | USD 6.25 0.62 11.01% |
The current analyst and expert consensus on Backblaze is Strong Buy, with 5 strong buy opinions. The current projected Backblaze target price consensus is 10.59 with 6 analyst opinions. Check out Macroaxis Advice on Backblaze to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.The most common way Backblaze analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Backblaze executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Backblaze. We strongly encourage you to use your own analysis of Backblaze to validate this buy or sell advice. Backblaze buy-or-sell recommendation module provides average expert sentiment on the projected Backblaze target price to derive its highest and lowest estimates based on projected price volatility of 3.4862.
Lowest Forecast 9.64 | Highest Forecast 11.75 | Target Price 10.59 |
Backblaze |
It's important to approach Backblaze's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Backblaze price targets
Backblaze's stock target price is an estimate of its future price, usually made by analysts. Using Backblaze's target price to determine if it is a suitable investment can be done through the following steps:- Look at Backblaze's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Backblaze's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Backblaze Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Backblaze is a key component of Backblaze valuation and have some predictive power on the future returns of a Backblaze.Trending Themes
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Check out Macroaxis Advice on Backblaze to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, the presentation of Backblaze's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Backblaze's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Backblaze's management manipulating its earnings.