
Backblaze (BLZE) Stock Forecast & Price Target
Backblaze (BLZE) Analyst Ratings
Bulls say
Backblaze Inc. reported a year-over-year growth in annual recurring revenue (ARR) of 13% to $154.4 million, driven by a strong performance in its B2 Cloud Storage segment, which saw a 27% increase in ARR to $88.9 million. The company anticipates a re-acceleration of revenue growth to a mid-teens trajectory, supported by improved sales execution and an expanding customer base, particularly in its commercial B2 Cloud Storage platform. Additionally, Backblaze achieved record profitability with an EBITDA margin of 27.6% and generated positive adjusted free cash flow of $4.1 million during the quarter, highlighting its financial stability and operational efficiency.
Bears say
Backblaze Inc. faces a negative outlook primarily due to its declining net revenue retention (NRR) rates, particularly in the Computer Backup segment, which has seen a year-over-year decrease of 5%. Despite management projecting significant growth for its B2 Cloud Storage service, the overall financial model indicates a mid-single-digit year-over-year decline for Computer Backup and suggests that revenue expectations for fiscal year 2026 fall short of prior estimates and consensus. Additionally, while adjusted gross margins have remained relatively strong, the missed revenue targets, particularly for the B2 revenue which is vital for future growth, compound concerns regarding the company’s overall financial trajectory.
This aggregate rating is based on analysts' research of Backblaze and is not a guaranteed prediction by Public.com or investment advice.
Backblaze (BLZE) Analyst Forecast & Price Prediction
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