BLZETechnology · Software - InfrastructureThe 7 Wall Street analysts covering Backblaze, Inc. hold a median 12-month price target of $23 — +203.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 76 of 100 as at 30 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (86): The business earns solid, repeatable profits on what it owns.
Issuance (13): The company has been issuing shares or taking on financing, diluting existing holders.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on BLZE, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +203.0% from it.
Of the 20 most recent actions, 10 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 10 Sept 2026 | Needham | Reiterates | Buy | $23 |
| 4 Aug 2026 | B. Riley Securities | Maintains | Buy | $16 → $24 |
| 4 Aug 2026 | B. Riley Securities | Maintains | Buy | — |
| 4 Aug 2026 | Citizens | Maintains | Market Outperform | $16 → $21 |
| 4 Aug 2026 | Citizens | Maintains | Market Outperform | — |
| 4 Aug 2026 | Needham | Maintains | Buy | $14 → $23 |
| 4 Aug 2026 | Needham | Maintains | Buy | — |
| 4 Aug 2026 | Oppenheimer | Maintains | Outperform | $15 → $25 |
| 4 Aug 2026 | Oppenheimer | Maintains | Outperform | — |
| 23 July 2026 | Citizens | Maintains | Market Outperform | — |
| 23 July 2026 | Citizens | Maintains | Market Outperform | $14 → $16 |
| 24 June 2026 | B. Riley Securities | Maintains | Buy | $7.00 → $16 |
| 24 June 2026 | B. Riley Securities | Maintains | Buy | — |
| 24 June 2026 | Citizens | Maintains | Market Outperform | $8.00 → $14 |
| 24 June 2026 | Citizens | Maintains | Market Outperform | — |
| 24 June 2026 | Lake Street | Maintains | Buy | $11 → $14 |
| 24 June 2026 | Lake Street | Maintains | Buy | — |
| 24 June 2026 | Needham | Maintains | Buy | $8.50 → $14 |
| 24 June 2026 | Needham | Maintains | Buy | — |
| 23 June 2026 | Craig-Hallum | Upgrade | Buy | $6.50 → $16 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
The model tests each one against its peers. 1 pass every test this week.
AI cloud capacity
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AI chips
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AI networking and serversIn full
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Data centre power
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Backblaze, Inc. returned −26.6% against +12.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 95% of US stocks
Cheaper than 39% of US stocks
Cheaper than 18% of US stocks
Cheaper than 1% of US stocks
Higher than 66% of US stocks
Higher than 57% of US stocks
Higher than 76% of US stocks
Higher than 26% of US stocks
Higher than 18% of US stocks
Higher than 30% of US stocks
Higher than 34% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $469.8M and an enterprise value of $572.9M.
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.
Trailing P/E: −16.5×; forward P/E: 28.1× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Backblaze, Inc. employs 320 people — $488K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
Backblaze will report its third-quarter 2026 financial results after market close on November 2, 2026. The company will discuss the results on a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) that day.
Why it matters — BLZE watchers can note the date and time when the company plans to release results and discuss them.
Backblaze reported a 1.73% quarterly annualized hard-drive failure rate across its fleet in its Q2 2026 Drive Stats report, above its longer-term average. Management attributed the increase largely to a small number of statistical outliers.
Why it matters — BLZE watchers may note the higher reported rate alongside management’s view that outliers, rather than a broader trend, drove the increase.
Seeking Alpha published a transcript titled “Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies.” The excerpt provides no further details about the transcript’s contents.
Why it matters — The transcript title indicates coverage of Backblaze drive statistics and storage technology trends, topics relevant to following the company.
Backblaze announced updates to its Business Computer Backup product, introducing new deployment and management options for its Jamf integration. The release adds more flexible ways to onboard devices and users, particularly in environments that are not fully centralized, to help ensure endpoint data is consistently protected.
Why it matters — The enhanced Jamf integration broadens Backblaze's appeal to Mac-centric and distributed IT environments, potentially expanding its reach within the business backup market.
Backblaze published its Q2 2026 Drive Stats report, reporting that its quarterly hard drive failure rate rose to 1.73%. The report was released via Business Wire from the company's San Mateo, California headquarters.
Why it matters — An increase in the quarterly drive failure rate is relevant to BLZE watchers because it reflects a key operational metric tied to the reliability of the storage infrastructure underlying its cloud services.
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.
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. 76 out of 100 across roughly 4,600 US stocks as at 30 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 30 Oct 2026, Backblaze, Inc. ranks 76 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 Quality (86 of 100).
No one can know that. What the data says: the median 12-month target from 7 analysts implies +203.0% from the last close, and Ticker Nerd's factor model ranks Backblaze, Inc. 76 out of 100 as at 30 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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.
Backblaze, Inc. returned -26.6% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
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.
The most recent item we track (Business Wire, 12 Oct 2026): "Backblaze to Announce Third Quarter 2026 Results on November 2, 2026". Backblaze will report its third-quarter 2026 financial results after market close on November 2, 2026. The company will discuss the results on a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) that day.
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
