BLZETechnology · Software - InfrastructureThe 7 Wall Street analysts covering Backblaze, Inc. hold a median 12-month price target of $23 — +77.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 78 of 100 as at 8 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
Revisions (94): 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.
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 +77.1% 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.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 8 Oct 2026, Backblaze, Inc. returned +27.1% against +16.2% for the S&P 500, dividends included.
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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 97% of US stocks
Cheaper than 22% of US stocks
Cheaper than 10% of US stocks
Cheaper than 1% of US stocks
Higher than 66% of US stocks
Higher than 56% 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 $854.2M and an enterprise value of $886.8M.
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: −30.5×; forward P/E: 52.0× — 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 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.
Seeking Alpha analysts rated Backblaze a Buy with a $16 price target, citing strong B2 Cloud Storage growth (34% revenue growth in Q2) and new AI contracts such as CoreWeave. The report notes improved revenue visibility from large enterprise contracts but warns of near-term gross margin pressure and negative free cash flow as infrastructure investment precedes revenue recognition.
Why it matters — A BLZE watcher would care because this Buy rating and its growth outlook signal investor confidence in the company's B2 storage and AI contract momentum, even though margins and cash flow face temporary pressure.
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. 78 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 2026, Backblaze, Inc. ranks 78 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 (94 of 100).
No one can know that. What the data says: the median 12-month target from 7 analysts implies +77.1% from the last close, and Ticker Nerd's factor model ranks Backblaze, Inc. 78 out of 100 as at 8 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 +27.1% over the 12 months to 8 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 (MarketBeat, 9 Oct 2026): "Backblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trend". 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.
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
