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BLZE
Volume: 732.67K
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Backblaze (BLZE) Stock Forecast & Price Target

Backblaze (BLZE) Analyst Ratings

Based on 7 analyst ratings
Strong Buy
Strong Buy 57%
Buy 43%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Backblaze Inc is demonstrating a strong financial performance with a notable 18% year-over-year growth in Annual Average Revenue Per User (ARPU), reaching $268 in 2024. The company's robust customer growth is reflected in the increase of clients with over $50K Annual Contract Value (ACV), which rose 55% year-over-year to 115 in 2Q24, indicating a significant expansion of its enterprise customer base. Furthermore, the B2 Cloud Storage segment continues to show resilience, with a forecasted revenue growth of 23% year-over-year to $17.3 million, accounting for 51% of total revenue, while expectations for reacceleration in growth and positive Adjusted Free Cash Flow by 2H25 bolster the outlook for long-term operational sustainability.

Bears say

Backblaze Inc has not achieved sustainable profitability, reporting Adjusted EBITDA Margins of (11%) for 2022 and (4%) for 2023, alongside significant losses on an adjusted Free Cash Flow basis. The company's customer base is experiencing stagnation, with a decline in Computer Backup customer count by 3% year-over-year and an overall reduction in total customers, highlighting challenges in retention and growth. The company's stock is trading at a lower EV/Sales/Growth multiple compared to its Small Cap Tech peers, indicating potential market concerns regarding its future growth prospects and profitability timelines.

Backblaze (BLZE) has been analyzed by 7 analysts, with a consensus rating of Strong Buy. 57% of analysts recommend a Strong Buy, 43% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Backblaze and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Backblaze (BLZE) Forecast

Analysts have given Backblaze (BLZE) a Strong Buy based on their latest research and market trends.

According to 7 analysts, Backblaze (BLZE) has a Strong Buy consensus rating as of Sep 9, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $10.50, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $10.50, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Backblaze (BLZE)

Volume: 732.67K

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