Shared on 08 Jun 26

BLZE: Margin Execution Will Drive Future Upside Despite Mixed Research Views

Backblaze lifts its sales outlook and keeps buying back shares, but Wall Street is split on whether it can turn that growth into steady profits. Some researchers are more confident the company can improve its costs and results, while others worry the risks are still too high.

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Shared on 25 May 26

Fair value Increased 12%

BLZE: Margin Execution And Neocloud Deal Will Drive Future Upside Potential

Analysts are split on Backblaze: some see improving profitability and better cash performance, while others worry growth is slowing and spending is rising. The debate now hinges on whether recent operating changes and a higher revenue outlook can outweigh margin pressure and longer deal timelines.

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Shared on 21 Mar 26

BLZE: Neocloud Deal And Margin Execution Will Support Future Upside

Analysts have trimmed their average price targets for Backblaze by a few dollars, reflecting softer B2 Cloud growth guidance, expectations for about 8% revenue growth, and some margin pressure, even as recent quarters showed stronger adjusted EBITDA margins and progress on execution. Analyst Commentary Street research on Backblaze reflects a mixed view, with lower price targets and one rating downgrade set against signs of improved execution and profitability.

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Shared on 07 Mar 26

Fair value Decreased 17%

BLZE: Profit Execution And Neocloud Deal Will Support Future Upside

Backblaze's updated analyst price target signals a meaningful reset, with our fair value estimate moving from $10.06 to $8.34 as analysts factor in lower expected revenue growth, a slightly higher discount rate, and reduced future P/E assumptions, despite incremental improvement in profit margin expectations. Analyst Commentary Recent Street research around Backblaze clusters around a single theme: expectations for growth and valuation have reset lower, even as execution on profitability and larger deals draws some cautious optimism.

17 views

Shared on 21 Feb 26

BLZE: Startup Program And Stable Outlook Will Support Future Upside

Analysts have kept their Backblaze fair value estimate steady at $10.06 while slightly adjusting underlying assumptions such as discount rate, profit margin and future P/E. This has led to a modestly refined price target rather than a major reset.

6 views

Shared on 06 Feb 26

BLZE: Creator Content Partnership And Stable Outlook Will Support Future Upside

Analysts have slightly reduced their price target on Backblaze to about US$10.06 per share, mainly reflecting a modest adjustment to the discount rate and a small tweak to the future P/E assumption, rather than any change to fair value, revenue growth, or profit margin inputs. What's in the News Backblaze announced that its B2 Cloud Storage platform is integrated with Shareio, a platform focused on helping creators monetize and protect digital content with security and clear economic terms (Key Developments).

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Shared on 23 Jan 26

BLZE: Lower Price Expectations Will Still Support Future Upside Potential

Narrative Update Analysts have trimmed their price target on Backblaze to US$9 from US$11, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that modestly adjust their valuation framework. Analyst Commentary Recent research updates reflect a more cautious stance on Backblaze's upside, with the price target reduced to US$9 from US$11 while a positive rating on the shares is maintained.

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Shared on 07 Jan 26

BLZE: Strengthening Software Demand And Deal Flow Will Support Future Upside

Analysts have adjusted their price targets on Backblaze in a tight range, with one firm moving to US$9 from US$11 and another to US$11 from US$10. These changes reflect updated views on the stock's risk profile and earnings potential, while the underlying fair value inputs remain largely unchanged.

4 views

Shared on 21 Dec 25

Fair value Decreased 0.55%

BLZE: Strengthening Deal Flow Will Support Upside Momentum In Coming Quarters

Analysts have trimmed their Backblaze price target slightly, from $10.11 to $10.06, reflecting a modestly higher discount rate and slightly lower revenue growth expectations, even as they remain broadly constructive on the company’s longer term setup. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Backblaze, with near term caution on valuation and execution intersecting with improving confidence in the company’s growth trajectory.

16 views

Shared on 07 Dec 25

Fair value Decreased 4.15%

BLZE: Improving Revenue Visibility Will Support Upside Momentum In The Coming Quarters

Analysts modestly reduced their Backblaze price target to $10.11 from $10.55, citing a slightly higher discount rate and lower future P/E expectations, even as revenue growth and margin assumptions remain broadly intact. Analyst Commentary Analysts remain split on Backblaze, with some highlighting improving fundamentals and others emphasizing valuation risk and execution challenges as the company scales.

8 views

Shared on 23 Nov 25

Fair value Decreased 10%

BLZE: Anticipated Revenue Upside Will Drive Business Momentum This Quarter

Analysts have adjusted their price target for Backblaze downward, lowering it from $11.74 to $10.55 per share. They cite moderating revenue growth expectations and a slightly higher discount rate in recent forecasts as the reasons for this adjustment.

12 views

Shared on 24 Sep 25

Fair value Increased 3.87%

Despite a downgrade in consensus revenue growth forecasts, Backblaze’s analyst price target rose slightly to $11.74, supported by a higher future P/E multiple. What's in the News Backblaze provided third-quarter 2025 revenue guidance of $36.7 million to $37.1 million.

8 views

Shared on 01 May 25

Fair value Decreased 9.82%

0 views

Shared on 24 Apr 25

Fair value Increased 5.29%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

2 views

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 02 Apr 25

Fair value Increased 2.50%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

2 views

Emerging AI Workloads Will Drive New Data Opportunities

BLZE: Margin Execution Will Drive Future Upside Despite Mixed Research Views

BLZE: Margin Execution And Neocloud Deal Will Drive Future Upside Potential

BLZE: Neocloud Deal And Margin Execution Will Support Future Upside

BLZE: Profit Execution And Neocloud Deal Will Support Future Upside

BLZE: Startup Program And Stable Outlook Will Support Future Upside

BLZE: Creator Content Partnership And Stable Outlook Will Support Future Upside

BLZE: Lower Price Expectations Will Still Support Future Upside Potential

BLZE: Strengthening Software Demand And Deal Flow Will Support Future Upside

BLZE: Strengthening Deal Flow Will Support Upside Momentum In Coming Quarters

BLZE: Improving Revenue Visibility Will Support Upside Momentum In The Coming Quarters

BLZE: Anticipated Revenue Upside Will Drive Business Momentum This Quarter

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