Ratings Backblaze, Inc.

Equities

BLZE

US05637B1052

Market Closed - Nasdaq Other stock markets 04:30:01 2024-05-03 pm EDT			5-day change	1st Jan Change
9.39 ^USD	+0.11%		+0.86%	+23.72%

Apr. 17	Oppenheimer Adjusts Backblaze's Price Target to $13 From $11, Keeps Outperform Rating	MT
Apr. 15	Backblaze, Inc. Enables Automated Cloud Workflows with Event Notifications	CI

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Sales forecast by analysts have been recently revised upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Over the past four months, analysts' average price target has been revised upwards significantly.

Weaknesses

As a percentage of sales and without taking into account depreciation and amortization, the company has relatively low margins.
Low profitability weakens the company.
Over the past twelve months, analysts' consensus has been significantly revised downwards.

Ratings chart - Surperformance

Sector: IT Services & Consulting

	1st Jan change	Capi.	ESG Refinitiv
BACKBLAZE, INC.	+23.72%	388M	-
SALESFORCE.COM, INC.	+4.00%	265B	B
CLOUDFLARE, INC.	-10.64%	25.28B	C+
NUTANIX, INC.	+30.51%	15.21B	C
DYNATRACE, INC.	-16.29%	13.55B	C+
QUALYS, INC.	-15.75%	6.11B	C
KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED	-20.83%	4.2B	B+
IONOS GROUP SE	+39.75%	3.68B	-
DIGITALOCEAN HOLDINGS, INC.	-6.68%	3.12B	C
ALKAMI TECHNOLOGY, INC.	+12.70%	2.67B	C-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes