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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 impressive growth metrics, with a significant Annual Average Revenue Per User (ARPU) increase of 18% year-over-year, reaching $268 in 2024. The company reported a notable expansion in its customer base, with 115 customers generating over $50K in Annual Contract Value (ACV), reflecting a 55% year-over-year rise, indicative of robust demand for its services. Moreover, B2 Cloud Storage revenue is projected to grow by 23% year-over-year to $17.3 million, driven by recent go-to-market strategies and innovations, positioning Backblaze for sustainable and positive Adjusted Free Cash Flow by the second half of 2025.

Bears say

Backblaze Inc. continues to struggle with sustainable profitability, as evidenced by its Adjusted EBITDA Margins of (11%) in 2022 and (4%) in 2023, along with significant adjusted Free Cash Flow losses. Despite a forecasted short-term increase in Computer Backup revenues due to price hikes, the segment is expected to contract in the second half of 2025, leading to stagnation in overall Backup revenue for the year. Additionally, the company has experienced a slight decline in customer count year-over-year, which raises concerns about future growth potential as the business navigates through ongoing trends of customer churn and declining demand in its consumer Backup segment.

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 Aug 2, 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)


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