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.

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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.

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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.

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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.

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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.

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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.

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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.

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Shared on 01 May 25

Fair value Decreased 9.82%

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Shared on 24 Apr 25

Fair value Increased 5.29%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

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Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

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Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

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Shared on 02 Apr 25

Fair value Increased 2.50%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

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Emerging AI Workloads Will Drive New Data Opportunities

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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