
Backblaze (BLZE) Stock Forecast & Price Target
Backblaze (BLZE) Analyst Ratings
Bulls say
Backblaze Inc. has seen a 13% year-over-year growth in annual recurring revenue (ARR), reaching $154.4 million, with its B2 Cloud Storage segment exhibiting an impressive 27% growth to $88.9 million, indicating strong demand and market position. The company's revenue growth of 12% year-over-year to $37.8 million aligns with guidance, while expectations for adjusted EBITDA margin expansion of approximately 200 basis points reflect operational efficiency and profitability improvements. Additionally, Backblaze's positive adjusted free cash flow of $4.1 million marks a significant turnaround from previous losses, underpinning the company's financial health and potential for sustained growth.
Bears say
Backblaze Inc faces challenges reflected in its declining Net Revenue Retention (NRR), which decreased to 105% due to significant pressure in its Computer Backup segment. With projected mid-single-digit year-over-year declines for Computer Backup, alongside projected revenue growth for its B2 Cloud Storage that falls below prior expectations, the financial guidance indicates persistent revenue weaknesses. The company's initial FY26 revenue guidance, slightly below previous estimates and consensus, coupled with the uncertainty surrounding large deal flow and declining contributions from key services, contributes to a negative outlook for Backblaze's stock.
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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