
Backblaze (BLZE) Stock Forecast & Price Target
Backblaze (BLZE) Analyst Ratings
Bulls say
Backblaze Inc has consistently demonstrated total revenue growth of at least 20% year-over-year (Y/Y) over the past five years, indicating strong financial performance and customer demand. This growth trajectory is anticipated to accelerate, with management expecting B2 revenue to reach at least 30% Y/Y by the fourth quarter of FY25. Additionally, the company has seen substantial growth in its AI customer segment, with a 66% increase in the number of AI customers and a significant 25x increase in AI customer data, bolstered further by the introduction of the B2 Overdrive offering tailored for large-scale data storage needs.
Bears say
Backblaze Inc. has consistently faced challenges related to profitability, with a history marked by negative free cash flow and earnings, raising concerns about its financial sustainability. The Computer Backup service, which contributed 48% of revenues in F1Q25, is projected to experience a slowdown in growth, potentially dropping to single-digit rates in the future, indicating limits to revenue expansion. Additionally, the high costs tied to maintaining its infrastructure result in significant depreciation, adversely affecting GAAP gross margins, further compounding the company's financial difficulties.
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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