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BLZE
Volume: 290.79K
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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 a strong growth trajectory, evidenced by an 18% year-over-year increase in Annual Average Revenue Per User (ARPU), which reached $268 in 2024. The company's customer base for contracts exceeding $50K Annual Contract Value (ACV) surged by 55% year-over-year, indicating robust demand and increasing adoption of its services. Furthermore, the B2 Cloud Storage segment is projected to achieve over 30% year-over-year growth by the fourth quarter of 2025, bolstered by recent go-to-market changes and product innovations, positioning Backblaze for sustainable and positive cash flow in the near future.

Bears say

Backblaze Inc has not yet achieved sustainable profitability, exhibiting Adjusted EBITDA Margins of -11% and -4% for 2022 and 2023 respectively, alongside larger losses on an adjusted Free Cash Flow basis. The company's customer base has seen a decline, with the total customer count reducing from 511,942 in 2023 to 507,647 by the end of 2024, indicating potential challenges in customer retention, despite a slight year-over-year retention increase due to recent price hikes. Furthermore, the significant disparity in valuation multiples, with Backblaze trading at a lower EV/Sales/Growth ratio compared to its Small Cap Tech peers, suggests a negative outlook, particularly if growth contracts necessitating further investment that may hinder profitability strategies.

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 3, 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: 290.79K

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