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BLZE
Volume: 265.21K
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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 robust financial performance, evidenced by a significant 18% year-over-year increase in Annual Average Revenue Per User (ARPU), reaching $268 in 2024. The company's strategic growth is further highlighted by a 55% year-over-year increase in customers contributing over $50K in Annual Contract Value (ACV), increasing from 74 in 2Q23 to 115 in 2Q24, indicating strong demand for its cloud storage solutions. Forecasts suggest that Backblaze's B2 Cloud Storage revenue will grow by 23% year-over-year to $17.3 million, supported by anticipated product innovations and recent market strategies aimed at reaccelerating growth in the latter half of 2025, ultimately paving the way for sustainable positive Adjusted Free Cash Flow.

Bears say

Backblaze Inc. has not yet achieved sustainable profitability, evidenced by negative Adjusted EBITDA Margins of (11%) in 2022 and (4%) in 2023, along with significant losses on an adjusted Free Cash Flow basis. Although the Computer Backup segment is projected to grow year-over-year in the first half of 2025 due to price increases, it is expected to decline in the second half of the year, resulting in flat overall Backup Revenue for the full year. Additionally, the company's customer count has shown modest declines, with a 3% year-over-year decrease in the Computer Backup segment and a slight overall reduction in total customers, signaling potential challenges in maintaining revenue growth amid competition and market saturation.

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 12, 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: 265.21K

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