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BLZE

Backblaze (BLZE) Stock Forecast & Price Target

Backblaze (BLZE) Analyst Ratings

Based on 5 analyst ratings
Strong Buy
Strong Buy 60%
Buy 40%
Hold 0%
Sell 0%
Strong Sell 0%

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.

Backblaze (BLZE) has been analyzed by 5 analysts, with a consensus rating of Strong Buy. 60% of analysts recommend a Strong Buy, 40% 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 5 analysts, Backblaze (BLZE) has a Strong Buy consensus rating as of Mar 25, 2026. 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 $7.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.60, 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)


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