Update shared on24 Sep 2025
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.
- The company raised its full-year 2025 revenue guidance to $145.0 million–$147.0 million, up from the previous $144.0 million–$146.0 million.
- Backblaze announced a share repurchase program of up to $10 million, funded to be cash neutral, valid through August 1, 2026.
- The company unveiled multiple new security features, including AI-powered anomaly detection alerts, enhanced role-based access controls, granular access and activity logs, real-time event notifications, advanced application key management, and custom upload timestamps.
- Backblaze expanded its US-East data center, doubling its regional data footprint to increase capacity for AI, HPC, and media workloads, and strengthening connectivity for Internet2 network members.
Valuation Changes
Summary of Valuation Changes for Backblaze
- The Consensus Analyst Price Target has risen slightly from $11.30 to $11.74.
- The Future P/E for Backblaze has risen from 77.65x to 82.74x.
- The Consensus Revenue Growth forecasts for Backblaze has fallen from 14.3% per annum to 13.3% per annum.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.