Backblaze, Inc. (BLZE)

Backblaze Stock Forecast

Stock Price Forecast

The 5 analysts that cover Backblaze stock have a consensus rating of "Buy" and an average price target of $7.60, which forecasts a 119.65% increase in the stock price over the next year. The lowest target is $6.00 and the highest is $8.50.

Price Target: $7.60 (+119.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$6.00	$7.60	$8.00	$8.50
Change	+73.41%	+119.65%	+131.21%	+145.66%

* Price targets were last updated on Feb 24, 2026.

Analyst Ratings

The average analyst rating for Backblaze stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	4	4	4	4	3	3
Buy	3	3	3	2	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	1	1
Strong Sell	0	0	0	0	0	0
Total	7	7	7	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Ader William Blair	William Blair	Buy → Sell Downgrades n/a	Buy → Sell	Downgrades	n/a	n/a	Mar 23, 2026
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $10 → $8	Strong Buy	Maintains	$10 → $8	+131.21%	Feb 24, 2026
Zach Cummins B. Riley Securities	B. Riley Securities	Strong Buy Maintains $9 → $7.5	Strong Buy	Maintains	$9 → $7.5	+116.76%	Feb 24, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $9.5 → $8.5	Buy	Maintains	$9.5 → $8.5	+145.66%	Feb 24, 2026
Mike Cikos Needham	Needham	Strong Buy Maintains $8 → $6	Strong Buy	Maintains	$8 → $6	+73.41%	Feb 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

160.65M

Increased by 10.16%

from 145.84M

Revenue Next Year

178.18M

Increased by 10.91%

from 160.65M

EPS This Year

-0.32

from -0.46

EPS Next Year

-0.24

from -0.32

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	67.48M	85.16M	102.02M	127.63M	145.84M	160.65M	178.18M
Revenue Growth	25.46%	26.20%	19.80%	25.10%	14.27%	10.16%	10.91%
EPS	-1.07	-1.62	-1.66	-1.11	-0.46	-0.32	-0.24
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	10	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	166.1M	189.3M
Avg	160.7M	178.2M
Low	153.4M	158.6M

Revenue Growth

Revenue Growth	2026	2027
High	13.9%	17.8%
Avg	10.2%	10.9%
Low	5.2%	-1.3%

EPS Forecast

EPS	2026	2027
High	0.01	0.02
Avg	-0.32	-0.24
Low	-0.43	-0.34

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.