Backblaze, Inc. (BLZE)

Backblaze Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, Backblaze stock has a consensus rating of "Buy" and an average price target of $9.34. The average 1-year stock price forecast is 24.37% higher than the current stock price, while the lowest is $6.50 (-13.45%) and the highest is $15.9 (+111.72%).

Price Target: $9.34 (+24.37%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$6.50	$9.34	$8.50	$15.9
Change	-13.45%	+24.37%	+13.18%	+111.72%

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $8 → $11	Strong Buy	Maintains	$8 → $11	+46.47%	May 5, 2026
Rustam Kanga Citizens	Citizens	Buy Reiterates $8	Buy	Reiterates	$8	+6.52%	May 5, 2026
Mike Cikos Needham	Needham	Strong Buy Maintains $6 → $8.5	Strong Buy	Maintains	$6 → $8.5	+13.18%	May 5, 2026
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	+6.52%	Feb 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

164.27M

Increased by 12.64%

from 145.84M

Revenue Next Year

181.17M

Increased by 10.29%

from 164.27M

EPS This Year

-0.38

from -0.46

EPS Next Year

-0.31

from -0.38

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	164.27M	181.17M
Revenue Growth	25.46%	26.20%	19.80%	25.10%	14.27%	12.64%	10.29%
EPS	-1.07	-1.62	-1.66	-1.11	-0.46	-0.38	-0.31
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	171.7M	195.7M
Avg	164.3M	181.2M
Low	154.3M	164.3M

Revenue Growth

Revenue Growth	2026	2027
High	17.7%	19.1%
Avg	12.6%	10.3%
Low	5.8%	-0.0%

EPS Forecast

EPS	2026	2027
High	-0.33	-0.22
Avg	-0.38	-0.31
Low	-0.43	-0.40

EPS Growth

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

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.