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BLZEBLZETechnology · Software - Infrastructure

BLZE Stock Forecast: Backblaze, Inc. Price Predictions for 2026-2027

Last close, 8 Sept 2026
$14
+3.23% on the day

The 7 Wall Street analysts covering Backblaze, Inc. hold a median 12-month price target of $23 — +65.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 83 of 100 as at 8 Sept 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$859.2M
Ticker Nerd rank
83 / 100
Median analyst target
$23
Analysts covering
7
Revenue$42.7M+17.7% y/y
Operating income−$4.2M
Net income−$5.1M
Free cash flow$6.6M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−1.7%
1M
−26.2%
YTD
+198.1%
1Y
+52.0%
From 52W high
−32.0%
From 52W low
+319.6%
$3
$20
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

BLZE stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Backblaze, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 8 Sept 2026
83 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
97
Momentum
88
Quality
86
Growth
78
Accruals
63
Value
52
Size
47
Volatility
14
Issuance
12

Revisions (97): Analysts have, on balance, been raising their forecasts.

Issuance (12): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

BLZE stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on BLZE, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$5$10$15$20$25Oct 25Jan 26Apr 26Jul 26BLZEHigh $25Median $23Low $21

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says7 analysts
6 Buy1 Hold0 Sell
Low $21Median $23High $25

The green dot is the last close — the median target sits +65.6% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 10 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
4 Aug 2026B. Riley SecuritiesMaintainsBuy$16 → $24
4 Aug 2026CitizensMaintainsMarket Outperform$16 → $21
4 Aug 2026NeedhamMaintainsBuy$14 → $23
4 Aug 2026OppenheimerMaintainsOutperform$15 → $25
23 July 2026CitizensMaintainsMarket Outperform—
23 July 2026CitizensMaintainsMarket Outperform$14 → $16
24 June 2026B. Riley SecuritiesMaintainsBuy—
24 June 2026B. Riley SecuritiesMaintainsBuy$7.00 → $16
24 June 2026CitizensMaintainsMarket Outperform$8.00 → $14
24 June 2026CitizensMaintainsMarket Outperform—
24 June 2026Lake StreetMaintainsBuy—
24 June 2026Lake StreetMaintainsBuy$11 → $14
24 June 2026NeedhamMaintainsBuy—
24 June 2026NeedhamMaintainsBuy$8.50 → $14
23 June 2026Craig-HallumUpgradeBuy$6.50 → $16
23 June 2026Craig-HallumUpgradeBuy—
5 May 2026CitizensReiteratesMarket Outperform—
5 May 2026Lake StreetMaintainsBuy—
5 May 2026NeedhamMaintainsBuy—
23 Mar 2026William BlairDowngradeUnderperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. BLZE appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

BLZE vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 8 Sept 2026, Backblaze, Inc. returned +52.0% against +19.4% for the S&P 500, dividends included.

BLZE vs S&P 500, last 12 monthsTotal return, rebased to 100
50100150200Oct 25Jan 26Apr 26Jul 26BLZES&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

BLZE analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+131.4%
Analysts raising
6
Analysts cutting
0
Fundamentals

Backblaze, Inc. (BLZE) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−30.2×

Cheaper than 97% of US stocks

Price / sales
5.5×

Cheaper than 23% of US stocks

Price / book
9.7×

Cheaper than 10% of US stocks

EV / EBITDA
282.0×

Cheaper than 1% of US stocks

Growth & margins
Revenue growth (YoY)
17.7%

Higher than 66% of US stocks

Earnings growth (YoY)
17.7%

Higher than 56% of US stocks

Gross margin
62.8%

Higher than 76% of US stocks

Operating margin
−6.7%

Higher than 26% of US stocks

Net margin
−13.1%

Higher than 18% of US stocks

Returns & dividend
Return on equity
−24.3%

Higher than 30% of US stocks

Return on assets
−3.5%

Higher than 34% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Backblaze, Inc. (BLZE) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Backblaze, Inc. has a market value of $859.2M and an enterprise value of $865.4M.

  • Revenue in the twelve months to 30 June 2026: $156.3M. The latest quarter grew 17.7% year on year.

  • Net income over the same four quarters: −$20.4M, a −13.1% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.34.

  • Free cash flow in the twelve months to 30 June 2026: $15.4M, after $8.5M of capital spending.

  • Backblaze, Inc. spent $3.4M on share buybacks in the twelve months to 30 June 2026.

  • Shares outstanding: 61.8M.

  • Trailing P/E: −30.2×; forward P/E: 49.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Backblaze, Inc. employs 320 people — $488K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Sept 2026

Data provided by Twelve Data

Peers

BLZE vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSoftware - Infrastructure
CompanyMarket capTKN rank
BLZEBackblaze, Inc.$859.2M
83
HQHorizon Quantum Holdings Ltd.$832.5M
21
SABRSabre Corp.$912.1M
78
RXTRackspace Technology, Inc.$805.0M
50
RZLVRezolve AI Plc$921.3M
3
KDKKodiak AI, Inc.$775.7M
7
PAYSPaySign, Inc.$710.8M
82

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Backblaze, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest BLZE news & analysis

Backblaze: The Backup Drag Is Fading

Seeking Alpha · 25 Aug 2026positive

Backblaze is accelerating its top-line growth, driven by its B2 Cloud Storage segment which now accounts for 62% of revenue after 34% year-over-year growth in Q2'26. Demand from AI model training and robotics foundation models supports broad-based customer growth, and a $313M net five-year CoreWeave contract is set to ramp significantly by mid-2027.

Why it matters — BLZE watchers would note that B2 Cloud Storage growth and the upcoming CoreWeave contract ramp signal a shift away from reliance on its legacy backup business.

Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

Business Wire · 20 Aug 2026neutral

Backblaze announced the pricing of an upsized $175 million offering of 0.00% Convertible Senior Notes due 2031, sold in a private offering to qualified institutional buyers under Rule 144A. The offering size was increased from a previously announced amount.

Why it matters — BLZE watchers would care because this convertible notes offering represents a significant capital raise that increases the company's debt and potential future dilution.

Backblaze Announces Proposed Private Offering of $150 Million of Convertible Senior Notes

Business Wire · 18 Aug 2026neutral

Backblaze announced its intention to offer $150 million aggregate principal amount of Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers under Rule 144A, subject to market and other conditions. The company also expects to grant the initial purchasers an option to acquire additional notes.

Why it matters — This proposed capital raise indicates Backblaze's plans to secure additional financing through convertible debt, which BLZE watchers would follow for potential dilution and future funding uses.

BLZE Q2 Earnings Call Focuses on CoreWeave and AI Storage

Zacks Investment Research · 7 Aug 2026positive

Backblaze reported a Q2 earnings beat and raised its 2026 outlook, citing growth in AI storage. The $335M CoreWeave deal is highlighted as providing multi-year revenue visibility.

Why it matters — The Q2 beat, higher 2026 outlook, and the CoreWeave deal signal sustained AI storage demand and longer-term revenue visibility for BLZE.

Backblaze: Neoclouds And CoreWeave Have Rewritten Its Growth Trajectory

Seeking Alpha · 5 Aug 2026positive

Backblaze's stock has risen roughly fourfold year-to-date, driven by AI infrastructure demand and a multi-year CoreWeave deal. The company reported strong Q2 results with accelerating revenue, and its backlog has quintupled due entirely to CoreWeave.

Why it matters — The CoreWeave partnership and AI-driven demand have significantly reshaped Backblaze's growth trajectory, making the deal's contribution a key factor for investors to watch.

FAQ

Frequently asked questions about BLZE stock

What is the BLZE stock price forecast for 2026-2027?

The 7 Wall Street analysts covering Backblaze, Inc. have a median 12-month price target of $23, with estimates ranging from $21 to $25. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is BLZE stock a buy right now?

Of the 7 analysts covering Backblaze, Inc., 6 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Backblaze, Inc. 83 out of 100 across roughly 4,600 US stocks as at 8 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank BLZE?

As at 8 Sept 2026, Backblaze, Inc. ranks 83 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (97 of 100).

Will BLZE stock go up?

No one can know that. What the data says: the median 12-month target from 7 analysts implies +65.6% from the last close, and Ticker Nerd's factor model ranks Backblaze, Inc. 83 out of 100 as at 8 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the BLZE stock forecast for 2030?

No analyst covering Backblaze, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for BLZE are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $21 to $25 over the next 12 months.

How has BLZE stock performed over the past year?

Backblaze, Inc. returned +52.0% over the 12 months to 8 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Backblaze, Inc. do?

Backblaze, Inc. Class A Common Stock represents an equity interest in Backblaze, a cloud storage company focused on helping businesses and consumers store, use, and protect data.

What is the latest news on BLZE?

The most recent item we track (Seeking Alpha, 25 Aug 2026): "Backblaze: The Backup Drag Is Fading". Backblaze is accelerating its top-line growth, driven by its B2 Cloud Storage segment which now accounts for 62% of revenue after 34% year-over-year growth in Q2'26. Demand from AI model training and robotics foundation models supports broad-based customer growth, and a $313M net five-year CoreWeave contract is set to ramp significantly by mid-2027.

Company

About Backblaze, Inc.

Backblaze, Inc. Class A Common Stock represents an equity interest in Backblaze, a cloud storage company focused on helping businesses and consumers store, use, and protect data. Backblaze provides its services through the Backblaze Storage Cloud, which includes B2 Cloud Storage for scalable object storage and Computer Backup for automatic backup of laptops and desktops. Its platform is designed for data-intensive workloads and supports use cases such as backup, archiving, application development, multi-cloud operations, and ransomware protection. Backblaze serves customers across businesses, developers, IT teams, and individual users, with a market presence in the United States and internationally. The company operates as a cloud infrastructure provider built around web-scale software and commodity hardware, making it a specialized participant in the broader data storage and cloud services market.

CEO Mr. Gleb Budman · 320 employees · United States · https://www.backblaze.com