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BLZE
Volume: 266.27K
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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 has demonstrated strong financial performance, highlighted by an 18% year-over-year growth in Annual Average Revenue Per User (ARPU), which reached $268 in 2024. The company also reported a substantial increase in its high-value customer segment, with 115 customers generating over $50,000 in Annual Contract Value (ACV), reflecting a 55% year-over-year rise. Additionally, Backblaze's B2 Cloud Storage segment continues to show resilience, with expectations for revenue growth to reach 30% or more by the fourth quarter of 2025, supported by recent go-to-market strategies and product innovations.

Bears say

Backblaze Inc. has not yet achieved sustainable profitability, as indicated by its negative adjusted EBITDA margins of (11%) in 2022 and (4%) in 2023, along with significant losses on an adjusted free cash flow basis. The company's forecast for its Computer Backup segment shows only flat year-over-year revenue growth for the full year, with expected declines in the second half of CY25, compounded by a slight decrease in customer count and modest churn noted in 2024. Additionally, with a declining trend in net revenue retention and a low EV/Sales/Growth multiple compared to its small cap tech peers, Backblaze faces challenges in both maintaining its current customer base and accelerating growth, which may lead to further investments jeopardizing its profitability milestones.

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 Jul 24, 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 $10.29, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $10.29, 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: 266.27K

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